Institutional Bitcoin Investors Account for 40% of Huobi Trades Says Exchange

Institutional Bitcoin Investors Account for 40% of Huobi Trades Says Exchange

Huobi has seen a significant increase in bitcoin trading from institutional investors over the past year, the exchange said in a statement.

“We have seen a 3-4X growth in institutional trading on derivative markets since early last year. Institutional clients now account for 40% of our trading volume,” said Ciara Sun, VP of Huobi Global Markets.

They single out growth from Russia as “especially pleasing” with this formally China based exchange claiming it accounts for “5% of crypto assets in the market.”

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