Huobi Global has partnered with BCB Group, to “better globalize” its offerings, according to a release. Huobi is a large digital asset firm based in Asia.
BCB Group is a payment services provider that enables clients with European fiat the ability to send fiat to crypto counterparties via “BLINC” in real-time, 24/7, 365 days a year. BCB Group is a multi-jurisdictional regulated cryptocurrency service firms managed by an executive team have that has worked for incumbent financial services firms. BCB currently serves clients including Bitstamp, Coinbase, Galaxy, and Kraken. BCB Group provides payment services in 20+ currencies, FX, cryptocurrency liquidity, and digital asset custody.
Huobi states that working with BCB will enable it 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 commented on the arrangement:
“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 called the partnership important in furthering BCB’s mission to “promote future-friendly growth of the industry.”
“We are excited to play a part in Huobi’s global project.”