Huobi partners with BCB Group to streamline OTC desk

Cryptocurrency exchange Huobi has partnered with London-based BCB Group as it seeks to expand across the European market whilst proliferating its OTC desk

Seychelles-based cryptocurrency exchange Huobi has partnered with European crypto-focused payment services provider, BCB Group, as it aims to continue globalising its offerings.

The integration with London-based BCB Group will provide Huobi’s clients with fiat on/off ramps as well as the ability so send fiat to crypto counterparties via BLINC, an instant settlement service.

After securing partnerships with the likes of Gemini and Circle in 2020, BCB Group has established itself as being a well-regarded firm among those looking to gain traction in the European market.

Working with BCB will enable Huobi to bank its OTC desk with the firm as well as let them handle foreign exchange flow.

Ciara Sun, the VP and Head of Global Business at Huobi, said: “We understand the importance of both a compliant, and streamlined service.

Partnering with BCB allows us to offer a European fiat on and off ramping service that we know is in line with the laws of that area, but it also allows our customers in Europe to experience a smooth and hassle-free user experience.”

Oliver von Landsberg-Sadie, Founder and CEO of BCB added: “This important partnership furthers BCB’s mission to promote future-friendly growth of the industry. We are excited to play a part in Huobi’s global project.” 

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Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

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