Specifically, prior to this development, Huobi Wallet has reportedly offered supporting features for exchanging between different crypto assets and access to decentralized lending, without a fiat onramp.
This newly rolled out feature will reportedly be able to cater to the standard needs of crypto users, per head of Huobi, Will Huang.
“[The app] has become a one-stop app for users to buy, store, swap and transfer crypto on the go, while retaining complete control of their assets.” He further added.
Huobi Wallet is reportedly recognized as one of the top applications among products of its type, across the Asia Pacific area. The app reportedly offers facilitating features for more than 18 digital coins, as well as numerous tokens, with more than 500,000 users from 200 nations.
Simplex reportedly functions as a well-known payment processing platform for big crypto-related companies. The firm has reportedly begun to run the fiat onramp of Bitmain-affiliated financial service platform Matrixport.