The Asian crypto firm has launched Huobi DeFi Labs to drive decentralized finance growth and hired a former Wall Street exec.
The Huobi Group, the firm behind the world’s second-largest cryptocurrency exchange (as ranked by CoinMarketCap), has launched a new division focused on decentralized finance (DeFi) investment, incubation, and research.
DeFi refers to non-custodial crypto products, like synthetic stocks, lending protocols, decentralized exchanges and decentralized stablecoins.
Source:
https://decrypt.co/38022/huobi-pouring-tens-of-millions-into-defi-investment-and-research