• Team Todayq

Cryptocurrency Exchange Huobi Adds XRP Support to its OTC Trading Platform

Updated: Mar 8, 2019


Cryptocurrency Exchange Huobi Adds XRP Support to its OTC Trading Platform

The peer-to-peer (p2p), over-the-counter (OTC) branch of Chinese cryptocurrency exchange Huobi has added support for Ripple (XRP). The company announced the news in a press release shared with Cointelegraph on March 6.


XRP joins Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Eos (EOS) and Huobi Token (HT) in the list of assets supported by Huobi’s OTC trading platform.

According to the company’s website, Huobi OTC aims to offer an exchange bridge between fiat currencies and digital assets. Specifically, the platform serves as an escrow to users who post buy or sell ads on the platform and then complete transactions exchanging crypto and fiat currency.


Livio Weng, the CEO of Huobi Global, is quoted in the press release as stating that the Huobi OTC platform is important to the company as a whole because it’s Huobi’s main onramp and “main platform for users who prefer peer-to-peer trading.”


Huobi Global is currently the world’s eighth largest crypto exchange by daily trade volumes, seeing $738.6 million in trades on the day to press time.


As per analysis about crypto OTC desks, institutional investment is increasingly being seen as the future of crypto trading, with both Binance and Bittrex launching their own dedicated OTC desks in January.


Also in February, news broke that South Korea's major virtual currency exchange Bithumb has officially launched an OTC trading desk under its Ortus brand.

News Source: Cointelegraph


Download Our Free Crypto Trading Signals App: Click Here

20 views
Never miss any update

Pankaj

I never find such a great place earlier to get Crypto signals. I started with their Monthly Trading Plan & just loved their trading signals.

About

Information

Services

Support

Todayq App

© 2020 Todayq Technologies (OPC) PVT. LTD.

All Rights Reserved

Disclaimer: Trading in cryptocurrencies are subject

to market, technical and legal risks, Todayq doesn't

guarantee any returns on investment under it's services.

  • YouTube
  • Telegram
  • Facebook
  • Twitter
  • TikTok
  • Instagram
  • LinkedIn