Express

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

Last Update:

Tags: ,,,
Link: Huobi Debuts Crypto Brokerage and its Institutional Businesses Grows 400%   [Copy]
Next:

Related Articles

  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 6 hours ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 3 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 7 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 9 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 11 days ago

    • You need to login to comment.