The Huobi cryptocurrency exchange has announced the launch of Huobi Brokerage, a brokerage platform for trading digital assets aimed at institutional investors.
The platform was the first project launched in November last year by the Huobi Institutional Business (GIB) division. The division’s goal was to develop and create new Huobi services for financial institutions. Huobi Global notes the increased interest of institutional investors in the platform after the launch of GIB.
Huobi Brokerage will allow institutional investors to use various features, such as cryptocurrency liquidity pools, regulated channels for transferring Fiat funds, and the use of over-the-counter trading. In this case, orders will pass through its own “smart” trading management system.
“One of the most valuable offers of Huobi Brokerage is to provide clients with the execution of large orders at the best price,” said Ciara Sun, Vice President of global business at Huobi Group.
Customers will also get access to trading quotas in real time. Price blocking will also be available on major cryptocurrencies and stablecoins, such as BTC, USDT, HUSD, PAX, TUSD and USDC. Adding support for ETH, EOS, BCH, LTC and XRP is expected at the end of the first quarter of 2020.
Huobi Brokerage has received a set of liquidity solutions that support OTC platforms, exchange aggregation, and tools for financing and lending. Later, there will be custodial services with the ability to pay interest and new products.
Recently, it was reported that the Huobi exchange has joined the ranks of members of the Turkish national blockchain platform. It also became known about the exchange’s plans to develop local blockchain infrastructure.