Crypto Exchange Huobi Launches Institutional Tradingbr>
Crypto exchange Huobi, one of the world’s largest cryptocurrency exchange, has launched an exclusive channel for institutions to ensure safe, compliant and rapid deposit-withdrawal of high-value assets.
Called Institutional Trading, the new service will be rolled out gradually. For its first phase of recruitment, Huobi has limited services to 100 institutional clients and 10 deposit-withdrawal deals on a first come, first serve basis.
The new service allows trading with multiple positions and strategies by up to 1,000 sub-accounts. It also includes customized withdraw and loan limit, exclusive customer service manages to provide on-call support service, and access to research reports from Huobi Research and Huobi Quant Academy. Qualified customers will also be able toparticipate in various high-quality investment projects.
Huobi is the world’s third largest crypto exchange by daily trading volume. The company is active in over 130 countries and has offices in Singapore, United States, Japan, South Korea, and Hong Kong. Last month, the company launched a crypto exchange platform in Australia, which supports ten cryptocurrencies for trading against the Australian dollar.
In June, Huobi created a cryptocurrency exchange traded fund (ETF) that allows retail investors to attain exposure to the digital assets market with a relatively small capital outlay while diversifying risks. Called HB10, the crypto-based ETF also allow investors who do not want to follow individual crypto assets to buy into the general market trend and disregard the ‘noise’ of individual coins.