MaidSafe, the UK-based firm intending to create a crowd-sourced internet, has announced that it has entered into an asset trading partnership with Yuanbao, one of China’s leading digital asset exchanges.

Yuanbao will soon support the trading of MaidSafeCoin in China. This agreement follows on from MaidSafe developer, Qi Ma, recently introducing MaidSafeCoin and the SAFE Network to Yuanbao’s customers at a recent roadshow in Bejing.

“We are delighted to be partnering with a secure and reliable exchange, such as Yuanbao. The Chinese market is one that MaidSafe are particularly interested in supporting and this partnership is a great way to introduce MaidSafeCoin and the SAFE Network to a new and very important audience”, said MaidSafe’s CEO, David Irvine.

Founded in 2013, Yuanbao is one of China’s largest digital asset exchanges with 250,000 users. With a peak trading volume of $100 million USD in a 24 hour period, the exchange facilitates the trading of 27 different currencies on the Yuanbao platform. Yuanbao is MaidSafe’s recommended partner for the Chinese market.

Jelena Strelnikova, Foreign Cooperation Officer at Yuanbao added: “By opening trading on the Yuanbao Exchange MaidSafeCoin is introduced to the broad Chinese market and to the welcoming Chinese community. It is our pleasure to be part of MaidSafeCoin’s success, and we are looking forward for further strategic and fruitful cooperation with the MaidSafe team.”

Founded in February 2006, MaidSafe is the creator of a peer-to-peer encrypted network of tokens. Based in Troon, Scotland, the team raised $6 million in a crowdfunding drive in 2014.

MaidSafeCoin deposits and trading will be available from the 24th of June on Yuanbao website. To transfer MaidSafeCoin, users should use the Omni Web Wallet, which is available at https://www.omniwallet.org.