Huobi Opens Brokerage Platform for Institutional Investors

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Huobi Opens Brokerage Platform for Institutional Investors

Announced Tuesday, the Gibraltar-based Huobi Brokerage is additionally the primary product launched under the company’s Global Institutional Business (GIB) division, consistent with a corporation statement. Formed in November 2019, the new division was created as a part of Huobi’s effort to raised serve institutional investors within the global market. 

The statement said the platform will enable institutional investors to use crypto services like liquidity pools, a regulated fiat channel and over-the-counter (OTC) trading via its smart order routing system and trading algorithm. 

"One of the core value propositions of Huobi Brokerage is that it provides clients with best-price execution on large block orders," Ciara Sun, vice chairman of worldwide Business at Huobi Group, told CoinDesk.

Clients also will have access to real-time trade quotes and price locks that support block trades of major crypto currencies and stablecoins, including BTC, USDT, HUSD, PAX, TUSD, and USDC. consistent with the statement, support for ETH, EOS, BCH, LTC, and XRP is predicted to be available later during the primary quarter of 2020. 

The platform will have a set of services to feature liquidity also , targeting OTC, exchange aggregation and customised lending and financing. Huobi plans to roll out custodian services, and rate of interest and alpha products within the second quarter of this year. consistent with Sun, the platform's financing & lending services and structure hedging products is about to be launched for the third quarter.

The company claimed Huobi’s institutional business has grown significantly since it launched the GIB project last year. The new division now has offices in London, Singapore and Hong Kong . 

"GIB may be a central a part of Huobi's international expansion strategy, which is that the company's top priority for 2020," Sun said.