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Cryptocurrency exchange Huobi launches institutional trading

Wed, 15 Aug 2018, 03:31 am UTC

Huobi Group, a blockchain asset financial solutions provider, has announced the launch of Institutional Trading.

With this, the company is offering professional account benefits to a limited group of users. For the first phase of recruitment, Huobi is limiting its services to 100 institutional clients and 10 deposit-withdrawal deals on a first come, first serve basis.

The services include exclusive channels for institutions to ensure safe, compliant and rapid deposit and withdrawal of high-value assets; allowing up to 1,000 sub-accounts enabling institutions to trade with multiple positions and strategies, customized withdraw and loan limit; exclusive customer service manages to provide on-call support service; access to research reports from Huobi Research and Huobi Quant Academy, and much more.

The announcement comes on the heels of the launch of Huobi’s cryptocurrency exchange platform in Australia last month. In May, Huobi.Pro, Huobi’s international trading platform, launched ‘Huobi 10 Index’ – a composite price index that will track 10 popular coins that are traded against USDT (USD Tether) on its platform.

The company is also going big on blockchain and has announced a number of initiatives in the past couple of months. This includes the launch of “Huobi Cloud” – Huobi’s cloud business arm which will enable its partners to build secure and stable digital asset exchanges quickly; Huobi Blockchain Plus Industry Alliance – an initiative to deepen the integration of blockchain and other industries; its first public and decentralised blockchain, Huobi Chain; and a $1 billion global blockchain industry fund, among others.

Huobi is currently the fourth largest cryptocurrency exchange on the basis of 24-hour trading volume, according to the data from CoinMarketCap.

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