Singapore's Huobi Group is partnering with local entities globally and splitting profits evenly under its Huobi Cloud initiative. Targeting developing countries, Huobi Cloud has 150 platform partners and is soon onboarding 80 more. Since Oct. 2018, Huobi has earned $1.5 million in profit from the venture. The crypto exchange is eyeing $55 million in total daily volume from these partner programs by 2020.