Chinese cryptocurrency exchange Huobi confirmed the opening of its London office June 28, with over-the-counter (OTC) trading tests set to begin in Q3 this year.
Huobi plans to offer OTC trading throughout the European market.
Its new presence in London should “provide improved access to European financial markets and will enable UK-based blockchain and crypto asset startups to benefit from Huobi Labs and the Huobi Ecosystem Fund,” it added.
Spearheading the operation will be Lester Li as European Exchange Director and Josh Goodbody as General Counsel and Chief Compliance Officer at Huobi UK.
As of press time, Huobi is the third largest crypto exchange in the world at around $500 million in daily trade volume, according to Coinmarketcap.
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There is a particular kind of Bitcoin holder who only shows up when the noise gets loud. They are the people who watched 2021 melt into 2022, who kept their keys anyway, who learned to live with the idea that the line on the chart can drop faster than their mood.
There are traders you hear about because they talk, and traders you hear about because their footprints keep showing up in public data. The wallet that crypto Twitter has been calling “BitcoinOG,” “1011short,” or some variation of those names falls into the second category.
There are traders you hear about because they talk, and traders you hear about because their footprints keep showing up in public data. The wallet that crypto Twitter has been calling “BitcoinOG,” “1011short,” or some variation of those names falls into the second category.
Bitcoin has spent the past several weeks going nowhere fast, and that is not because traders have run out of opinions. It is because the market is quietly boxed in by wild forces most people never see.