Huobi, one of the largest cryptocurrency exchanges in the world, announced that it has added XRP to its over-the-counter (OTC) trading desk. OTC traders can now buy the digital asset using Huobi.
Huobi is a Singapore-based cryptocurrency exchange. Currently, Huobi is the 3rd largest crypto exchange based on daily volume and in order to remain one of the most popular and most used exchanges, Huobi is continuously looking to improve the platform and protect its investors.
Today, the digital asset exchange announced that it will begin supporting XRP trading through its over-the-counter (OTC) exchange. The news was shared in a press release with CryptoGlobe.
Commenting on the new listing, Livio Weng, the CEO of Huobi Global, an organization that manages Huobi’s crypto trading services across multiple different countries, said:
“In addition to serving as Huobi Global’s main onramp, Huobi OTC is also our main platform for users who prefer peer-to-peer (P2P) trading. It’s thus very important to our overall trading ecosystem. The addition of Ripple (XRP) is a big step forward in expanding our already extensive offering here.”
XRP will be joining Bitcoin (BTC), Ethereum (ETH), EOS (EOS), and Huobi token (HT), which are already tradable on the platform.
OTC traders are known to be high net-worth individuals and corporate entities. Most of these bodies prefer operating through OTC platforms to obtain digital assets since it is faster and easier to buy a large volume than on normal cryptocurrency exchanges.
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