Huobi Group Launches institution-grade Digital Asset Platform, Huobi Brokerage
Crypto Guide
Live News
Bigrock [CPS] IN

Huobi Group Launches institution-grade Digital Asset Platform, Huobi Brokerage

January 22, 2020      Javeria

Huobi Group launched a new digital asset platform named Huobi Brokerage on Jan 21, keeping in mind the needs of high-net-worth individuals and institutions. The Huobi Brokerage platforms offer the institutions clients a dedicated account manager, higher withdraw limit, higher API rate limit, noteworthy trading fee promotion and many other benefits.

What Does Huobi Brokerage Platform Offer?

The institution-grade digital asset brokerage platform offers compliance with multiple countries like Japan and Gibraltar regulations, trading solutions like colocation options so that they can stand up to the trading demands, many custom solutions like locking and mining, OTC loan.

According to the Huobi group, the new digital asset platform currently supports block trades among major stablecoins, for example, BTC, USDT, PAX, USDC, HUSD, TUSD and that too in high-volumes. The support for other major cryptocurrencies will come later this quarter that will include ETH, LTC, BCH, EOS, and XRP.

The group mentions that the platform provides various liquidity solutions that include exchange liquidity aggregation, Lending facilities, over-the-counter liquidity, and customised financing. Other features like alpha products, interest rate products, and custodian services are expected to launch in the second quarter of the year. 

Huobi’s New Division Of Global Institutional Business

As mentioned by the Huobi group in the November’s press release, they established a new team for Global Institutional Business (GIB) and a particular business line that focussed toward institutional clients. Huobi Brokerage is the first product launched under the Huobi’s GIB division and also the latest growing suite of blockchain and crypto products in Huobi portfolio.

The vice president of Global Business, Ciara Sun, said that the institutional investors and high-net-worth-individuals are the major contributors in the crypto economy not only in 2020 but beyond. According to Ciara, the lack of asset enhancement and low liquidity products are blocking widespread adoption of digital currencies in the world. She said that by launching its new institution-grade liquidity solutions and products that eliminate present barriers, Huobo is helping the crypto economy to grow further.

READ  Lukka Launches New Library To Tackle Bitcoin Controversies
#Crypto News #Crypto News China #Cryptocurrency #Cryptocurrency Market #Cryptocurrency News #Huobi Global

Javeria is into the crypto world ever since she heard about it and is pursuing her interest through cryptoknowmics. She is a sensational poet, technical writer and content strategist. Not to mention that she can go crazy when it comes to vampires and Wonder woman.