Huobi launches regulated fiat-to-crypto & crypto-to-crypto OTC service for high volume traders
Huobi Group has launched Huobi OTC Desk, a fully regulated service built on Huobi's Gibraltar FSC-issued Distributed Ledger Technology (DLT) license supporting 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.
The service is aimed at institutional investors, high net worth individuals, and others looking to make high volume digital asset trades.
“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," says 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.