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Cryptocurrency Exchange Huobi Wants to Become Decentralized

Nvidia Corp. GeForce GTX 1070 graphic processing units (GPU) sit stacked inside a 'mining rig' computer, used to mine the Ethereum cryptocurrency, in Budapest, Hungary.
Photographer: Akos Stiller/Bloomberg

Huobi, one of the biggest cryptocurrency exchanges, wants to walk the talk.

The Singapore-based platform plans to invest $100 million toward building Huobi Chain. Once the project is complete, Huobi plans to migrate its operations onto this blockchain, according to a statement by the company.