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.
One of the most notable on-chain crypto traders, known as 0xFC78, has had his fortunes crucially reversed due to suffering his two recent high-leverage trades.
In the crypto market, the ability to earn and withdraw should be basic expectations—yet many exchanges fail to deliver. A recent experience by a Zoomex user challenges this norm, and his story deserves to be shared.
Shiba Inu price is holding its yearly low while recording a sudden 1,000% surge in burn rate, raising the possibility of a reversal forming at a major support level.
Ethereum price continues to show weak momentum as bearish candles strengthen, increasing the likelihood of a deeper correction toward key lower support levels.
Bitcoin bounced off $85,000 over the weekend and stayed within the $87k to $89. 6k decision zone. The move keeps price pinned between nearby liquidity shelves on the attached 30-minute map, with the first overhead cap clustered at $92.