Huobi Group, a leading multi-language digital currency trading platform and exchange headquartered in Singapore, has opened its London office and appointed Lester Li as European Exchange Director and Josh Goodbody as General Counsel and Chief Compliance Officer at Huobi UK.
Lester Li joins the company from China Renaissance, where he led the Fintech Investment Banking Team. Josh Goodbody joins Huobi UK from Autilla, where he was Head of Legal for the commodities FinTech company and prior to that Counsel at State Street, covering the Futures & Options Execution and Clearing business and the FX Connect and Currenex Multilateral trading facilities.
The digital asset exchange company is at a rapid expansion in Europe as the cryptocurrency trading community there grows. The company also has offices in Hong Kong, South Korea, Japan, and the United States.
The London office will provide improved access to European financial markets and will enable UK-based blockchain and crypto asset startups to benefit from Huobi Labs and the Huobi Ecosystem Fund. London is the largest cryptocurrency trading center in Europe, with an active blockchain community and fast developing market. The digital exchange will leverage London technology talent pools and an open cryptocurrency regulatory environment to achieve growth.
The company’s over-the-counter services will be open for beta testing in the UK in Q3 2018. Huobi OTC will protect users against price volatility, while offering transactions with no commission fees. The service compliments Huobi’s Quant Trading which allows investors to utilize the functions of market making, arbitrage, and trend predictions.
Lester Li, Director of Huobi Exchange, commented:
“The launch of office in London is in response to the high demand we have seen in Europe, which was perfectly illustrated this month with huge turnouts at our Amsterdam and London quant trading summits. Our OTC and Quant Trading services are significant enhancements to the company’s product suite and we look forward to rolling out other services to improve the trading experience for Huobi customers in the future.”