Huobi launched a regulated OTC platform for institutional Bitcoin investors

The Huobi Group has launched a regulated OTC platform for institutional and large private investors.

#OTC Desk, it is very customized to announce the service of high volume traders. Built on our Gibraltar-issued DLT license, users can trade $ USD , $ GBP , and $ EUR for $ BTC , $ ETH , + more!
More: https://t.co/hf9SFD5yO9 #BTC #Bitcoin #ETH pic.twitter.com/BXIIbUP22O

– HuobiGlobal (@HuobiGlobal) 15 May 2019 p.

Huobi OTC Desk operates on the basis of a license issued by the Financial Services Commission of Gibraltar and allows you to work with solutions based on distributed registry technology.

On the platform, operations with Bitcoin, Ethereum and other cryptocurrencies are available, as well as with fiat money, including the US dollar, the British pound and the euro.

“We see a huge interest in digital assets of traditional market players. However, many of them still feel uncomfortable in an unregulated environment , ”said Huobi Global lead manager Jeff Adams.

Also, according to him, the new platform will meet the needs of supporters of large transactions.

BlockchainJournal has previously reported that Huobi and several other well-known companies have become users of Sidestream Liquid from Blockstream.

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