- Huobi Group had announced the launch of Huobi Brokerage during the annual Davos forum.
- Huobi Brokerage considered being the first product which has been launched under the newly formed GIB division.
- Huobi Brokerage leverages advanced trading algorithms as well as smart order routing (SOR) to provide institutional clients.
Today, the Huobi Group had announced the launch of Huobi Brokerage during the annual Davos forum.
It is a digital asset brokerage platform. Emerging as the global blockchain company’s first brokerage solution, Huobi Brokerage would be providing digital asset trading products and services to institutional clients and high-net-worth individuals (HNWIs).
Back in November, Huobi had launched its Global Institutional Business (GIB). It is a new team and a business line considering products and services which targeted toward institutional clients.
Huobi Brokerage considered being the first product which has been launched under the newly formed GIB division and also the latest addition to a growing suite of industry-leading blockchain and crypto products within the Huobi Group portfolio.
The Vice President of Global Business at Huobi Group, Ciara Sun had stated that there is an industry broad consensus that the institutional investors and various other HNWI’s would be acting as the primary dealers for the expanding of the crypto-economy in the year 2020.
She also added that with the introduction of institutional-grade products and liquidity solutions which cater to the needs of institutions and eliminate existing barriers, they are directly aiming to help drive the entire crypto-economy ahead.
Huobi Brokerage leverages advanced trading algorithms as well as smart order routing (SOR) to provide institutional clients. Who can have access to high-quality liquidity pools, competitive prices, a regulated fiat channel, and an all-in-one solution for OTC trading.
With the help of this platform, the clients can access real-time trade quotes as well as support for high-volume block trades across major cryptocurrencies and stablecoins. These include BTC, USDT, HUSD, PAX, TUSD, and USDC.
Liquidity solutions which are available via Huobi Brokerage include over-the-counter liquidity, exchange liquidity aggregation, and customised financing and lending facilities.
Various other services in the product pipeline also include interest rate products, alpha products, and custodian services. These services will begin rolling out in Q2 2020.
Sun also commented on the evolution of the financial markets at Davos and said that the year 2019 had brought the first wave of institutional interest, but this is the year when they are expecting to see the industry mature with growing demand.
She ended it by saying that as they enter the next phase of crypto, Huobi will be playing an active role in setting new standards for institutional and retail clients alike.
The establishment of the GIB division in Q3 2019, resulted in a 400% growth of Huobi’s institutional business to 1,700 institutional clients onboard.
The GIB currently has its offices in London, Singapore, and Hong Kong and soon will achieve the title of Huobi’s top priority in the year 2020 as it continues to expand worldwide.
The Huobi Group consists of numerous upstream and downstream enterprises. It is a leading global blockchain company which was established in 2013 and has its reach in more than 130 countries.