{"id":551247,"date":"2023-02-13T11:53:23","date_gmt":"2023-02-13T08:53:23","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/huobi-cloud-wallet-no-more-exchange-pulls-plug-on-defi-multi-token-wallet\/"},"modified":"2023-02-13T11:53:23","modified_gmt":"2023-02-13T08:53:23","slug":"huobi-cloud-wallet-no-more-exchange-pulls-plug-on-defi-multi-token-wallet","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/huobi-cloud-wallet-no-more-exchange-pulls-plug-on-defi-multi-token-wallet\/","title":{"rendered":"# Huobi Cloud Wallet no more: Exchange pulls plug on DeFi multi-token wallet"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a4ec7a782e07\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a4ec7a782e07\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/huobi-cloud-wallet-no-more-exchange-pulls-plug-on-defi-multi-token-wallet\/#%E2%80%9D_Huobi_Cloud_Wallet_no_more_Exchange_pulls_plug_on_DeFi_multi-token_wallet_%E2%80%9C\" >&#8221; Huobi Cloud Wallet no more: Exchange pulls plug on DeFi multi-token wallet  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Huobi_Cloud_Wallet_no_more_Exchange_pulls_plug_on_DeFi_multi-token_wallet_%E2%80%9C\"><\/span>&#8221; Huobi Cloud Wallet no more: Exchange pulls plug on DeFi multi-token wallet  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDIvZDc3MjhlZGUtZWUwZS00NzIxLWE2MTMtOTI1M2Q1YzhjMzZjLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-4bbf85c5>Cryptocurrency exchange Huobi has announced that it will discontinue its Huobi Cloud Wallet platform in May 2023 citing \u2018strategic and product adjustments\u2019.<\/p>\n<p>As per an announcement on Huobi\u2019s support page, maintenance and upgrades of the multi-token wallet service will officially stop on Feb. 13. Users that are still using the Cloud Wallet are being encouraged to transfer cryptocurrency and nonfungible tokens (NFTs) to their main Huobi accounts or other wallet addresses. <\/p>\n<p>Huobi Cloud Wallet\u2019s withdrawal and transfer functions will work for the next three months, while users are cautioned not to transfer digital assets to their Cloud Wallet. Huobi Cloud Wallet\u2019s official decommission date is May 13, 2023.<\/p>\n<p><strong><em>Related:\u00a0Binance, Huobi team up to recover $2.5M from Harmony One hackers<\/em><\/strong><\/p>\n<p>Huobi Wallet was rebranded to iToken in <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/news-releases\/huobi-wallet-transforms-to-itoken-adds-decentralized-investment-services-301549738.html\">May 2022<\/a> following a $200 million investment from Huobi Group. The Huobi Cloud Wallet was originally <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/news-releases\/huobi-wallet-launches-cloud-wallet-to-make-accessing-defi-projects-easier-301396806.html\">launched<\/a> in October 2021 as a feature of Huobi Wallet, allowing users to manage digital assets without private keys.<\/p>\n<p>The provision of a custodial wallet service was aimed to drive easier access to Decentralized Finance (DeFi) <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications and services . Cloud Wallet allowed users to hold tokens without having to manage private keys, with a third-party management system keeping user private keys in escrow.<\/p>\n<p>Huobi Global users were touted to enjoy seamless synchronization with the Cloud Wallet service, being able to transfer tokens between the platforms to access various DeFi projects.<\/p>\n<p>Huobi also made headlines\u00a0in Jan. 2023, delisting 33 different tokens that violated a number of prerequisites to maintain their listing on the exchange platform. The exchange\u00a0confirmed plans at the beginning\u00a0of the year to retrench 20% of its staff as part of its restructuring following Justin Sun\u2019s takeover of the company.\u00a0<\/p>\n<p>Cointelegraph has reached out to Huobi to ascertain the main reasons for the discontinuation of the Huobi Cloud Wallet.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/huobi-cloud-wallet-no-more-exchange-pulls-plug-on-defi-multi-token-wallet\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Huobi Cloud Wallet no more: Exchange pulls plug on DeFi multi-token wallet &#8220; Cryptocurrency exchange Huobi has announced that it will discontinue its Huobi Cloud Wallet platform in May 2023 citing \u2018strategic and product adjustments\u2019. As per an announcement on Huobi\u2019s support page, maintenance and upgrades of the multi-token wallet service will officially stop&#8230;<\/p>\n","protected":false},"author":1,"featured_media":551248,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/d7728ede-ee0e-4721-a613-9253d5c8c36c.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,74860,74868,75591,74879],"class_list":["post-551247","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-cryptocurrency-exchange","tag-defi","tag-huobi","tag-wallet"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/551247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=551247"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/551247\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/551248"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=551247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=551247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=551247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}