Huobi Launches OTC Cryptocurrency Exchange in London

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Huobi, the Chinese cryptocurrency exchange confirmed today that they’ll be opening an office with over-the-counter (OTC) trading set to begin in the third quarter of this year.

The crypto exchange, which claims to have a global user base of over 5 million, continued its narrative to expand into Europe as a priority, establishing London as its new base of operations.

Huobi set its sights on London as being the major location getaway above all others.

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A representative from the exchange stated, “London was deliberately selected as the first office in Europe due to its authority as a global financial center. The region has an active blockchain community in fast developing market”.

This move follows similar decisions with other major industry exchanges like Binance, who decided to relocate one of their offices to Malta back in April.

Huobi’s presence in London will also provide improved access to European financial markets as well as enable UK-based blockchain in crypto startups to benefit from their Huobi Labs and the Huobi Ecosystem Fund.

At the time of this release, Huobi is the third largest cryptocurrency exchange in the world trading over 500 million in daily trade volume according to CoinMarketCap.

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