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Huobi Debuts Crypto Brokerage and its Institutional Businesses Grows 400%

Claudia Rivera

Summary: Huobi, the fifth largest cryptocurrency exchange, will be releasing Huobi Brokerage, a digital licensed brokerage. As stated by Cointelegraph, the service will support Bitcoin while the rest of the coins are represented by US dollar pegged stablecoins.  Ciara Sun, vice-president of Huobi Group states: "By introducing institutional-grade products and liquidity solutions that cater to the needs ...

Huobi, the fifth largest cryptocurrency exchange, will be releasing Huobi Brokerage, a digital licensed brokerage. As stated by Cointelegraph, the service will support Bitcoin while the rest of the coins are represented by US dollar pegged stablecoins. 

Ciara Sun, vice-president of Huobi Group states: "By introducing institutional-grade products and liquidity solutions that cater to the needs of institutions and eliminate existing barriers, we’re aiming to help drive the entire crypto economy forward.” Ever since November 2019, Huobi's institutional business onboarded 1,700 institutional clients and surged 400%. According to the executive, low liquidity is a barrier to widespread adoption.

By Claudia Rivera

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