Cryptocurrency exchange Huobi has confirmed previously appeared in the network information that she received DLT-licensed in Gibraltar. Now the company intends to use the opened before her the possibility to launch a global trading platform, oriented at both individual and institutional clients.
«The new license will allow Huobi to store and transfer digital assets on behalf of its clients around the world,» – said in a press release.
«Thanks to DLT Gibraltar-license, we will be able to open a fully regulated stock exchange for global institutional and retail clients, so this is a major achievement for Huobi and very positive step in the implementation of our global strategy, – said the head of Huobi for the development of the institutional business of Chaoda Lester Lee. – It’s no secret that we believe worked out the regulatory conditions is a key factor for the future of the industry of cryptocurrency. Among other advantages of the DLT-the licence will allow us to open doors to a large number of institutional investors who previously could not or did not want to participate in an unregulated space.»
The company notes that one of the first to receive a license to provide services in the technology industry distributed registry authorities of Gibraltar, which, in turn, first create the appropriate regulatory framework.
License Huobi will also allow her to simplify the process of exchanging Fiat to crypto currencies and Vice versa, at the same time making it more effective.
«First, we run the-counter service, but we will not stop, – said Lee. – We plan to give its customers the benefits of integrated solutions, the implementation of which would be impossible in any other conditions.»
It is expected that the above plans will be implemented in the first half of 2019.