Huobi Group to Launch Trading Service for Big Customers

The service is positioned as an "an exclusive channel for institutions to ensure safe, compliant and rapid deposit-withdrawal of high-value assets"
15 August 2018   613

Huobi Group launched a new trading service for institutional market participants. 

The service is positioned as an "an exclusive channel for institutions to ensure safe, compliant and rapid deposit-withdrawal of high-value assets."

At the first stage, the service will be available for 100 institutional customers of Huobi. The latter will be able to perform up to 10 I / O operations on a first come, first served (FCFS) basis.

A range of new services will include the following options:

  • an exclusive channel for institutions, providing a safe, fast and legal withdrawal of funds;
  • multitasking, allowing to use in trading a lot of positions, strategies and open up to 1000 sub-accounts;
  • individual limits on the volume of transactions and borrowed funds;
  • individual customer support;
  • access to analytical data of the research department of the company, as well as investment strategies of Huobi Quant Academy.

In addition, for institutional clients, there will be regular Mitaps dedicated to the development of the industry, which will also offer participation in various investment projects.

Huobi to Join Forces with Prime Trust

As reported, HBUS will allow users to trade BTC, ETH and USDT together with the USD
06 February 2019   204

The US subsidiary of the Huobi Group - HBUS Exchange, - has entered into an agreement with a financial company from Nevada Prime Trust to support the input / output of fiat funds, reports CoinDesk.

HBUS will allow users to trade Bitcoin, Ethereum and Tether USD together with the US dollar.

At the same time, Frank Fu, HBUS CEO, stressed that the company intends to conclude several more deals in the United States.

At this stage, HBUS intends to work with institutional clients and ensure legal compliance of its activities, after which it will start working with a wider audience. In 2019, the company also plans to increase its staff to 150 employees.

According to Fu, about 60,000 US residents and several dozen users from China are registered with HBUS.

In the listing of the platform there are such coins as Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ethereum Classic and Tether USD. However, its representatives are considering the possibility of adding other tokens in the future.

As reported, Huobi’s new global asset flows could indirectly give Chinese traders the ability to convert yuan for cryptocurrency through Huobi Global’s OTC desk, then send the cryptocurrency to the U.S.-based exchange to cash out in USD.

It is also worth mentioning that the Australian Goldfields Money is the banking partner of Huobi Global.

Huobi became the leader in commission fees among Bitcoin exchanges in 2018. She earned $ 483 million.