After receiving DLT-licensed in Gibraltar cryptocurrency exchange Huobi has revealed plans to launch a global infrastructure for customers.
As representatives of Huobi, the Gibraltar license authorizing the storage and transfer of cryptocurrency assets on behalf of clients around the world. It will also facilitate the exchange of Fiat money for scriptactive, said in a press release.
“DLT-license will allow us to open a fully regulated stock exchange for global institutional and retail clients, so this is a big win for Huobi and very positive step forward for the implementation of our global strategy,” – said the head of institutional business Huobi Lester of Hoda Lee.
Huobi has also plans to launch services for the OTC market.
“We plan to give its customers the benefits of integrated solutions, the implementation of which would have been impossible in the old paradigm”, — said Lester Hoda Lee.
He added that the future of cryptocurrency depends on the regulation of the industry. According to Lester Hoda Lee, DLT-license will attract into the industry from institutional investors, who want to work in a regulated field.
In a press release from Huobi also noted that Gibraltar was the first jurisdiction that implemented the regulatory framework for the provision of services in the field of technology of the distributed registry.
We will remind, in November Huobi Global announced the launch of the beta platform for trading cryptocurrency derivatives.