Newly added Ripple [XRP] now joins Bitcoin [BTC], Ethereum [ETH], Tether [USDT], Eos [EOS] along with Huobi Token [HT] within the list of assets supported by Huobi’s over-the-counter trading platform.
In line with company’s official ‘web-site‘, Huobi’s over-the-counter aims to provide an exchange bridge between fiat currencies and digital assets. Specifically, the platform is an escrow to users who post purchase or sell ads on the platform and so complete transactions exchanging cryptocurrency and fiat currency.
The chief executive officer of Huobi Global ‘Livio Weng’, is quoted within the announcement as stating that the Huobi over-the-counter platform is vital to the corporate as a whole as it’s Huobi’s main onramp and “main platform for users preferring peer-to-peer mercantilism.”
Huobi Global is presently the world’s ‘eighth largest crypto exchange‘ by daily trade volumes, with $676.53 Mln in trades on the day, at the reporting time.
As reported earlier in Feb., via in an analysis regarding crypto over-the-counter [OTC] desks, institutional investment is progressively being seen as the future for crypto mercantilism, with both ‘Binance‘ and Bittrex launching their own dedicated over-the-counter desks, earlier in January.
Just last month in Feb., another news broke that South Korea’s major virtual currency exchange ‘Bithumb‘ has formally launched an over-the-counter [OTC] trading desk beneath its Ortus brand.