By leveraging its Gibraltar-issued DLT license, Huobi now hosts a purpose-built onramp for large volume fiat-to-crypto and crypto-to-crypto purchases.
NEW YORK, May 15, 2019 /PRNewswire/ -- Institutional investors, high net worth individuals, and others looking to make high volume digital asset trades now have a better path forward. Huobi Group is happy to announce the launch of Huobi OTC Desk, a fully regulated service built on Huobi's Gibraltar FSC-issued Distributed Ledger Technology (DLT) license. The service supports both crypto-to-crypto and fiat-to-crypto transactions, including those made in US dollars (USD), British pound sterling (GBP), and euros (EUR) for Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies.
"We see a lot of appetite out there from players in more established financial markets when it comes to digital assets, but many are still uncomfortable jumping into unregulated trading environments," said Jeff Adams, Senior Sales Manager for Huobi Global. "We also see an unfilled need for services aimed at those looking to make large volume transactions. Huobi OTC Desk is a big step forward to filling both of those needs."
Adams announced the launch during a Huobi breakfast meet up in New York City.
The addition of Huobi OTC Desk advances Huobi's evolution as a full-service market facilitator in digital asset trading. OTC has long been one of the key trading activities in the traditional finance world, and now it is an integral part of Huobi's trading solutions for professional, institutional, and high net worth clients.
Huobi's DLT license was among the first batch of licenses awarded by Gibraltar, which is the first jurisdiction to introduce a purpose-built DLT regulatory framework.
What are Huobi OTC Desk's key advantages?
- Trading on exchanges can be complex for high volume transactions and users may not know their final execution price before a trade actually takes place. When trading on Huobi OTC Desk, however, users are provided with a real time quotation which also effectively serves as their execution price.
- Competitive pricing and excellent liquidity for large volume transactions.
- Huobi OTC Desk users gain access to dedicated support teams.
Huobi OTC Desk is not intended for users in the United States.
How is Huobi OTC Desk different than Huobi Global's retail OTC service?
Through Huobi Global's retail OTC service, users trade with other users, whereas Huobi OTC Desk is a service provided by Huobi Gibraltar with a license under Gibraltar's DLT regulatory framework. To learn more or to apply for a Huobi OTC Desk account, users can email firstname.lastname@example.org
Consisting of ten upstream and downstream enterprises, Huobi Group is the world's leading blockchain company. Established in 2013, Huobi Group's accumulative turnover exceeds $1 trillion. It proudly provides safe, secure, and convenient cryptocurrency trading and asset management services to millions of users in 130+ countries. Find out more at www.hbg.com
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SOURCE Huobi Group