Hong Kong-registered Huobi Technology launches cryptocurrency OTC service

March 3, 2022


Hong Kong documented virtual asset forum Huobi Technology Holdings has launched a virtual currency Over The Counter (OTC) assistance. Huobi Technology was previously known as Pantronics Holdings, founded in 1990. Huobi technology is listed on the main board of the Hong Kong Stock Exchange (HKEX) since 2016. Huobi Technology has been shifting into the digital currency industry but governs unaided by Huobi Group, the being that owns the Huobi Global digital currency exchange. The two companies share some holders but they are two different legal beings.

As per the recent announcement, Huobi Technology enables investors to market crypto through OTC. The company intends to improve it to the euro, the British pound and the Hong Kong dollar soon from crypto block trading services and fiat currency. Huobi Technology has inaugurated many crypto services in the last few years and now the firm is supporting virtual asset management.

The company carries a wide number of licenses. Huobi Tech has also attained a marketable trust firm license in the United States. As per the data of Tradingview, in the middle of Huobi Technology’s entry into the crypto industry, the firm’s stocks witnessed a strong improvement in 2021, increasing above $3. The stock later plunged, dropping below $1 by the end of 2021. Several crypto-linked HKEX-listed companies like OKG Technology and BC Technology Group were also plummeting by the end of 201 in the middle of China’s crackdown on the crypto enterprise executed in September. The shares now are trading at $0.89.


Have a look at this- Huobi Incorporated Crypto Payment Service-Banxa in its Trading Platform

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