Huobi Tech Lures Hong Kong Institutional Investors with Up to $100M Crypto Loans

An open suitcase with money next to a bitcoin coin. Exchange, cashing of virtual currency. Investing, reinvesting in mining and cryptocurrency. 3d render

Huobi Tech will offer institutional investors in Hong Kong crypto loans ranging from $10,000 to $100 million.

Source: Coindesk

BTCUSD is up +0.17%, ETHUSD is up +3.48%

The crypto lending will be in the form of USDT and other digital assets, carrying an 8.8% fixed-term annual rate.

The loan products will be offered through the Huobi Brokerage and will range from three months to two years. The loans will allow crypto as collateral.

Huobi Tech is affiliated to crypto exchange Huobi Global but exists as a separate legal entity.


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