Huobi exchange launches new OTC platform for high volume institutional clients
|- The new trading desk supports both fiat-to-crypto and crypto-to-fiat trading services.
- The trading services are not opened to traders in the United States.
High volume institutional clients will now have their orders easily taken care of by the newly launched Houbi over-the-counter (OTC) desk. The platform is referred to as the Huobi OTC desk and is currently under the regulation of Gibraltar’s Financial Services Commission (FSC). The desk supports both fiat-to-crypto and crypto-to-fiat trading services.
At the time of launch, Huobi OTC desk will support one fiat currency the USD. However, support for GPB and the EUR will come later. The platform has support for Bitcoin, Ethereum, EOS, Ripple, Litecoin, Bitcoin Cash as well as stablecoins like USDT and PAX. The senior sales manager at Huobi, Jeff Adams said in a comment:
“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. 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.”
The trading services are not opened to traders in the United states. The new service joins another OTC platform controlled by its subsidiary, Huobi Global. The later carries put peer-to-peer transfers. The new platform will, however, fall under the leadership of the parent company Huobi Technology.
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