Share this article
Qtum Blockchain Becomes Amazon Web Services Partner in China
Amazon Web Services' China unit is partnering with blockchain project Qtum to develop blockchain-as-a-service solutions for enterprises.
Updated Sep 13, 2021, 8:29 a.m. Published Oct 17, 2018, 12:00 p.m.
Make us preferred on Google
Amazon Web Services' (AWS) China division is partnering with public blockchain project Qtum.
The partnership sees the on-demand cloud computing giant working with a cryptocurrency project with a $325 million market capitalization, making it the 29th largest cryptocurrency, to develop blockchain-as-a-service (BaaS) solutions for enterprises and developers.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Revealed exclusively to CoinDesk, the partnership will allow AWS users to develop and launch smart contracts "quickly, efficiently, and cost-effectively" using an Amazon Machine Image (AMI), according to a press release issued by the Qtum team.
Simon Wang, head of territory business development at AWS China, confirmed the partnership, telling CoinDesk in an email: "Qtum are now an AWS technology partner and one of the partner network members."
Based in Singapore, Qtum, which raised $1 million last January from investors including Anthony Di Iorio, OKCoin CEO Star Xu, BitFund founder Xiaolai Li and Fenbushi partner Bo Shen, launched its public blockchain a year ago.
Qtum's AMI was listed on the Amazon Web Services marketplace in July, and since then, the group behind the cryptocurrency has been moving toward a broader technological partnership, Qtum's marketing director, John Scianna, told CoinDesk.
The two companies have been discussing this since April, he added.
Members of the Amazon Partner Network, according to the company's website, receive business, technical, sales, and marketing resources to help expand their businesses and support their customers. In case of Qtum, the startup and AWS will work together to get feedback from customers about the use cases most in demand and provide guidance to those clients that don't have much software development resources themselves, Mike Palencia, Qtum's chief information officer, told CoinDesk.
"We are going to work together [with Amazon] to contact different customers and clients. We're looking into use cases, and the best way to do it is to have a contact with companies who have those use cases," Palencia said. "Some clients have their own ideas and their own developers, and some of them want more support from us, want to talk to us directly."
Qtum co-founder and lead developer Jordan Earls via Consensus archives
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Coreweave stock gains 9% on fresh $2 billion Nvidia investment
Already an investor in CoreWeave, Nvidia last September had agreed to purchase $6.3 billion of computing services from the AI infrastructure provider.
What to know:
- CoreWeave shares jumped about 9% in pre-market trading after Nvidia invested another $2 billion in the AI-focused cloud company.
- The new funding is intended to help CoreWeave expand to more than 5 gigawatts of AI-dedicated data centers by the end of the decade.
- The deal deepens a yearslong collaboration in which Nvidia and CoreWeave will align on hardware, software and data center strategy, and test CoreWeave’s Mission Control resource-scheduling platform for potential integration into Nvidia’s ecosystem.
Top Stories
