Huobi Opens London Office, Announces OTC Trading Service

Korean exchange operator Huobi opened its London Office on Thursday in a bid to expand its business in the European market.

Huobi Group, the operator of one of the world’s largest crypto exchanges, announced on Thursday that it was launching its London office. Also, the company named Lester Li as European Exchange Director and Josh Goodbody as General Counsel and Chief Compliance Officer at Huobi UK. The moves are part of the company’s growth in Europe.

Huobi said that the new office will guarantee easier access to European markets and will allow UK-based blockchain and crypto-oriented firms to benefit from Huobi Labs and Huobi Ecosystem Fund.

London was picked as the first European office given that it is known as a global financial hub. Also, it has a large and active blockchain and crypto community.

Lester Li stated: “The launch of Huobi Group’s office in London is in response to the high demand we have seen in Europe, which was perfectly illustrated this month with huge turnouts at our Amsterdam and London quant trading summits.”

He referred to Huobi’s recent Quant Trading Summits in June in London and Amsterdam, where the Korean company revealed the expansion of its over-the-counter (OTC) digital asset trading solutions in the European market.

“Our OTC and Quant Trading services are significant enhancements to the Huobi product suite and we look forward to rolling out other services to improve the trading experience for Huobi customers in the future,” Li added.

Huobi OTC will offer OTC solution to investors who want to trade large volumes of cryptocurrencies. The service will be tested in the UK in the third quarter of this year. Huobi OTC will protect clients against volatility and will allow free transactions.

Huobi’s Quant Trading solution allows traders to benefit from features like market making, trend predictions, and arbitrage. The service permits computer-based quantitative analysis of price trends, which help investors increase their potential profits.

At the beginning of this month, Huobi Group announcing that it would develop its own blockchain-based market in the future.