Institutional investors: Bitcoin stock exchange Huobi reaches for the big money

Huobi Group, parent company of the Bitcoin stock exchange Huobi, announced the launch of a brokerage platform during the World Economic Forum in Davos. With this, the company is aiming for the big money.

The big money, according to a story told in the Bitcoin cosmos, is in the pockets of institutional investors and is still waiting to flow into the ecosystem.

Institutional investors are, for example, credit institutions, investment companies, insurance companies, funds and all those who have large amounts of capital and fall into the category of “companies”. But those, it cannot be said otherwise, are the ones that are sometimes appropriate. Bitcoin price manipulations, unfair deals and an unclear legal situation are often reasons why the big money – at least in the block chain cosmos – is still far away.

 

Institutional investors should bring the big money

But crypto companies never tire of trying to attract “the big ones”. The Huobi Group is no exception. As the company, whose headquarters are in Singapore, announced in a press release on 21 January, the company now wants to make trading in digital assets palatable to institutional investors with its Huobi brokerage platform.

In preparation for this, the Huobi Group announced that it had set up a separate business unit and a new team for this purpose. With trading algorithms and a specially developed software complex, institutional investors are to be provided with an “all-in-one solution” for over-the-counter (OTC) trading.

 

Bitcoin Trading Over the Counter

The platform, Huobi Group continues, will enable customers to access real-time quotes and hedge large volume trades for the duration of their execution. Initially, the platform will support the largest of all crypto currencies and some stable coins:

  • Bitcoin
  • Tether (USDT)
  • HUSD
  • PAX
  • TUSD
  • USDC

Support for Ether (ETH), EOS (EOS), Bitcoin Cash (BCH), Litecoin (LTC) and the Ripple Coin (XRP) will follow in the first quarter of 2020. Furthermore, the Huobi Group promises the highest possible liquidity to allow crypto trading to proceed smoothly.

Ciara Sun, Vice President for Global Business at the Huobi Group, believes that the big breakthrough will come this year:

“2019 has brought the first wave of institutional interest. But 2020 is the year in which we expect the industry to grow as demand grows. As we enter the new crypto phase, Huobi is taking an active role. And it does so by setting new standards for institutional and private clients.”

And if regulation works out, the big money can come.