Institutional Bitcoin Investors Account for 40% of Huobi Trades Says Exchange

huobi bitcoin trading july 2020

Huobi has seen a significant increase in bitcoin trading from institutional investors over the past year, the exchange said in a statement. “We have seen a 3-4X growth in institutional trading on derivative markets since early last year. Institutional clients now account for 40% of our trading volume,” said Ciara Sun, VP of Huobi Global Markets. They single out growth from Russia as “especially pleasing” with this formally China based exchange claiming it accounts for “5% of crypto assets in the market.” According to their analysis investors are attracted to “arbitrage opportunities in crypto as an emerging market” and they say “digital assets can offer investors a way to hedge risk against government intervention.” Huobi and what back then was called OKCoin where the biggest crypto exchanges by far before China closed them down in September 2017. Since then Huobi has been invited to return, signing an agreement to build…

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