On April 14th, MPC Announces Partnership with Huobi for Safe and Secure Transactions

On April 14th, it was announced that the MPC self custody platform under Xinhuo Technology Holdings Co., Ltd. (1611. HK) has officially entered into an Openloop clearing and settlement network cooperation with the crypto asset trading platform Huobi Huobi. Through this cooperation, it will effectively help users achieve the separation of fund security custody and trading behavior, allowing users to complete transactions with their own funds without leaving their self custody account, improving user asset security.

Huobi and New Fire Technology’s MPC self hosting platform have reached an OpenLoop settlement network cooperation

In the current landscape of cryptocurrency, security concerns have always been a top priority for investors and traders. With the ever-growing number of cyber crimes and hacking attempts, it’s essential to find safe and secure ways to transact cryptocurrencies. This is where self-custody platforms like MPC come into play.
In recent news, MPC under Xinhuo Technology Holdings Co., Ltd. (1611. HK) has officially entered into an Openloop clearing and settlement network cooperation with the cryptocurrency asset trading platform, Huobi, to help users achieve the separation of fund security custody and trading behavior, allowing users to complete transactions with their funds without leaving their self-custody account.

The Partnership between MPC and Huobi

Through this partnership, MPC, a leading blockchain solution provider, intends to provide secure blockchain services to Huobi’s growing user base. The partnership will help Huobi in strengthening the security of its platform, making it easier for its users to trade, buy, and sell cryptocurrencies without the worry of losing their funds. This partnership creates an avenue for users of both platforms to access better security options and to improve their assets’ security.

What is MPC?

MPC, short for Multi-Party Computation, is a cutting-edge cryptography technology that allows the secure computation of mathematical functions without exposing the inputs. Using MPC technology, users are provided with secure self-custody account services that allow them to store, send and receive cryptocurrencies safely. Though relatively new to the market, MPC has quickly gained popularity in the crypto industry as a reliable and secure platform for managing digital assets.

Achieving Fund Security Custody and Trading Behavior Separation

The partnership between MPC and Huobi is a significant milestone for both companies and the cryptocurrency industry at large. By separating fund security custody from trading behavior, users can achieve better security and control over their digital assets. Self-custody platforms such as MPC help users to maintain control over their funds while still providing access to the benefits of blockchain technology.
This arrangement ensures that users are dealing with only their funds when performing trades, eliminating the need to leave their crypto assets in centralized exchange wallets. By separating the two, users can have better control over their funds’ safety and carry out transactions safely without the worry of hacking attempts on the centralized exchange wallet.

Improved Security for Huobi Users

With the integration of the Openloop clearing and settlement network, Huobi’s platform is becoming more secure for users than it ever was before. This network prevents any fraudulent activities and ensures that each transaction carried out on the platform is secure and legitimate. This, coupled with the self-custody services offered by MPC, provides a two-fold security service to users of the Huobi platform.

Conclusion

The partnership between the self-custody platform MPC and the cryptocurrency asset trading platform Huobi is a major breakthrough in the crypto industry. It has enabled a separation of fund security custody and trading behavior that provides users with better security over their funds. With more and more people entering the world of cryptocurrency, it has become increasingly crucial to find safe and reliable platforms for trading and storage. This collaboration between the two companies provides just that.

FAQs

1. What is MPC?
MPC is a cutting-edge cryptography technology that provides secure self-custody account services for storing, sending, and receiving cryptocurrencies.
2. How has the partnership between MPC and Huobi contributed to increased security for Huobi users?
The partnership between the two companies achieves fund security custody and trading behavior separation, providing users with better control over their funds’ safety.
3. What benefits do self-custody platforms like MPC provide to users?
Self-custody platforms help users maintain better control over their funds’ safety while still providing access to the benefits of blockchain technology.