Huobi Opens an Intermediary Platform for Institutional Investors
Huobi Group opens the first digital asset brokerage platform that offers commercial products and services to corporate customers and high net worth customers.
The Gibraltar-based Huobi Brokerage, announced on Tuesday, is also the first product launched under the company's Global Corporate Business (GIB) division. The new episode, founded in November 2019, was established as part of Huobi's effort to better serve institutional investors in the global market.
In the statement, it was stated that the platform will be allowed to use crypto services such as liquidity pools, regulated fiat channel and over-the-counter (OTC) trading through institutional investors' smart order routing system and trading algorithm.
"One of Huobi Brokerage's core value proposals is that it provides customers the best pricing in large block orders," said Ciara Sun CoinDesk, vice president of Global Business at Huobi Group. Said.
Customers will also have access to real-time trading offers and price locks that support block trading of major cryptocurrencies and stabilcoins, including BTC, USDT, HUSD, PAX, TUSD and USDC. According to the statement, ETH, EOS, BCH, LTC and XRP support is expected to be available later in the first quarter of 2020.
The platform will offer a range of services to add liquidity, target OTC, collect foreign currency, and provide customized lending and financing. Huobi plans to offer custody services and interest and alpha products in the second quarter of this year. According to Sun, the platform's financing and lending services and building protection products will be launched in the third quarter.
The company claimed that Huobi's corporate business has grown significantly since launching the GIB project last year. The new division has offices in London, Singapore and Hong Kong.
"The GIB is a central part of Huobi's international expansion strategy, the company's top priority for 2020," Sun said. Said.