Huobi launches regulated OTC service for high volume traders

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

Huobi launches regulated OTC service for high volume traders. Source: shutterstock.com

Huobi Group announced 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, British pound sterling, and euros 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. 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
Jeff Adams, Senior Sales Manager for Huobi Global

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.

SEE ALSO: How to keep your crypto safe

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