Big news for over the counter trading for Ripple XRP came on March 6, 2019, when Huobi announced its OTC trading for Ripple XRP. Huobi OTC is a peer-to-peer crypto trading platform provided by Huobi Global.
As per the CEO of Huobi Global, Livio Weng, Huobi OTC is an effective solution for trading in this crypto trading ecosystem. The addition of Ripple XRP would surely a major step for the extension of this over the counter service.
Huobi OTC is one subsidiary of the Huobi Global. It completely aims at over-the-counter trades of cryptocurrencies. It provides a platform where you can post an advertisement for buying/selling cryptocurrencies on it. Thus, you can buy as well as sell these digital assets and complete your transaction with some third party by exchanging cryptocurrencies with fiat currencies.
Huobi is one of the leading cryptocurrencies exchange in the crypto market and occupies the 8th position as per market volume and has a total market volume of $715 million today. Apart from the introduction of Ripple XRP in its list of OTC trading, Huobi OTC also supports many other cryptocurrencies for its OTC trading. Bitcoin, Ethereum, EOS, USDT etc are some of the other cryptocurrencies who already are being traded OTC using Huobi OTC. It would be interesting to see what impact does this OTC trading offer to the current bear run of Ripple XRP.