Recently, the cryptocurrency trading platform Huobi announced the launch of the OTC Desk service, which provides low-cost and diversified large-amount deposit and withdrawal trading services for global professional investors with low spreads and zero service fees. This is another major move of Huobi since it proposed the globalization development strategy.

It is reported that Huobi OTC Desk supports multiple legal currency transactions. Specifically include: US dollar (USD), euro (EUR), British pound (GBP), Australian dollar (AUD), Canadian dollar (CAD), Swiss franc (CHF), Hong Kong dollar (HKD), Japanese yen (JPY), Singapore dollar (SGD) ) and USDT/USDC transactions. This also means that Huobi OTC Desk can connect to the global liquidity pool and provide the most competitive pricing.

Huobi OTC Desk has innovated and optimized products to minimize user transaction costs and improve user experience. It is reported that the minimum transaction amount of the service is 100,000 US dollars. For trade sizes over $100,000, users can quote trades through an exclusive trading chat room. Transactions in the US dollar zone are usually completed within 1 hour, and the spread can be as low as 0.0001. While optimizing product functions and services, Huobi does not charge any transaction fees, that is, it displays "all-inclusive prices" to customers. Finally, the transaction will be settled directly to the user's wallet or bank account, and an email notification will be sent at the same time.

In addition, Huobi OTC Desk also proposes a virtual account solution. When the user's transfer/receiving bank has restrictions on the bank account of the cryptocurrency exchange, Huobi will provide a proprietary virtual account solution so that the user can successfully transfer/receive for transactions.

In addition to product innovation, Huobi OTC Desk has always adhered to safe and compliant operations. As an OTC Desk issuing operator, HuobiPay UAB is a virtual currency exchange operator and a virtual currency depository wallet operator certified by the Lithuanian Entity Registration Authority. It follows the high standards set by regulators and has strong anti-money laundering (AML) procedures and KYC framework.

The relevant person in charge of Huobi said that with the continuous growth of the cryptocurrency market, mainstream cryptocurrencies such as Bitcoin and Ethereum are favored by professional investors. Huobi OTC Desk will help professional investors buy or sell a certain amount of cryptocurrencies in real time, effectively reduce the risk of market slippage, and provide competitive quotations to optimize capital efficiency.

Since Huobi completed its brand upgrade in 2022, it has embarked on a massive global expansion journey. Including joining the world's top electronic payment provider Visa to issue Huobi Visa cards on a global scale; as a virtual asset exchange partner of TRON and DMC Labs, it fully supports the implementation of the Dominica Metaverse digital identity project... Huobi is diverse International compliance and expansion operations will effectively help the encryption market repair and restore confidence, and promote the development of the encryption market.