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HONG KONG, November 30, 2021 – Huobi Technology Holdings Limited (“Huobi Tech” or the “Company”, stock code: 1611.HK) today announced the launch of Huobi Lending, a cryptocurrency lending service, for meet the financing needs of investor institutions and wealthy individuals. The services will be provided under Huobi Brokerage, a digital asset brokerage platform under Huobi Tech.
Leveraging cryptocurrency assets as funding tools to increase liquidity is growing in popularity as the asset class has become increasingly attractive to institutional investors and high net worth individuals in recent years. Crypto lending services can play an important role in helping these customers meet their liquidity needs and improve their return on investment.
Huobi Brokerage provides compliant, secure and institutional-grade brokerage services for institutions and high net worth clients. With Huobi Lending, Huobi Brokerage can now offer its customers an over-the-counter crypto lending solution, adding another valuable solution to its wide range of services.
Our institutional clients may need USDT or other digital currencies for liquidity reasons, but at the same time are hesitant to cash out their crypto assets for fear of missing out on potential gains. Loan services offered by Huobi Lending can provide customers with an optimal solution. Customers can use their crypto assets as collateral to fund purchases of other digital currencies, solving their short-term liquidity needs.
Institutional clients consider compliance, security, and price transparency to be their top priorities when selecting crypto asset brokers. Huobi Brokerage strives to provide compliant and safe brokerage services to institutions and high-net-worth individuals, and carries out strict multi-level risk control management, adhering to anti-money laundering requirements set by regulations. from Hong Kong. At the same time, Huobi Brokerage offers loans at competitive rates and can meet customers’ specific loan requests through one-on-one consultation.
“We are excited to launch another new venture under Huobi Brokerage, and we will continue to improve our services and strive to become Asia’s leading one-stop platform for virtual asset services. Huobi Brokerage is one of our most important business lines for crypto asset financial services. We will enhance our existing business and gradually introduce more services to meet our customers’ demands as the industry continues to evolve. We believe that the development of new crypto asset financial services under Huobi Tech can complement our brokerage business,” said Lily Zhang, CFO of Huobi Tech.
On Huobi Technology
Huobi Technology Holdings Limited (“Huobi Tech”, formerly known as “Pantronics Holdings Limited”, stock code: 1611.HK) was listed on the main board of the Stock Exchange of Hong Kong Limited in November 2016. Actively develop the blockchain ecosystem and virtual asset ecosystem, Huobi Tech is committed to becoming the leading one-stop compliant virtual asset service platform in Asia. Huobi Tech currently offers data center services, cloud-based services, SaaS, virtual asset management, custody, trust, loans and other related services.
At the same time, Huobi Tech is applying for virtual asset licensing and financing in major markets around the world. So far, Huobi Tech’s subsidiaries have successfully obtained authorization to conduct Type 4 (securities advisory) and Type 9 (asset management) regulated activities from the Hong Kong Securities and Futures Commission. Kong, registered as a trust company in Hong Kong with the Trust or Company Service Provider License (Hong Kong) and Retail Trust Company License (Nevada USA).