Huobi Tech Launched a New OTC Service for the Top Cryptocurrencies

Huobi Technology Holdings Limited announced it is launching over-the-counter (OTC) service for digital assets. The service is offering block trading in virtual assets for institutional investors.

The new trading service will be offered via Huobi Brokerage. Block trading is focusing on the leading cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, stablecoins and fiat currencies. Only US Dollar is available for the time being, in the future EUR, GBP and HKD will be added.

Huobi is providing a secure compliant environment for all trades.

The service was tested by several investors before being made available to all customers. Huobi Brokerage said it will provide the best price for the digital assets it is offering with 0 transactions fees.

Simon Wu, the CEO of Huobi Tech said about the launch of the new service: "After the launch of crypto-backed lending, Huobi Brokerage now offers the virtual asset OTC trading service that is low-price, convenient, compliant and secure, further enriching its line of business.

"Huobi Tech will continue to diversify its businesses in the future, with Huobi Brokerage as one of our key business sectors in tapping into digital asset financial services.

"We believe Huobi Brokerage business would grow with Huobi Tech's other virtual asset services for synergic development."

Crypto Insider Trading Risks

The SEC began investigating block trading in the stock market. The SEC suspects financial institutions are tipping their preferred clients (hedge funds for example) prior to large block trades.

When a large amount of stocks are sold in a block trade, the stock's price begins dropping prior to the public disclosure of the block trade. Morgan Stanley has confirmed the US Department of Justice has requested information on its block trading services.

A similar phenomena can take place in cryptocurrencies, which may be 'exposed' via large price swings. The leading cryptocurrencies at the time of writing are Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term (BTC) and Ethereum (ETH).