Chinese cryptocurrency exchange Huobi gets Japanese regulatory approval from FSA

21 Jan, 2019
News
Chinese cryptocurrency exchange Huobi gets Japanese regulatory approval from FSA

Chinese founded cryptocurrency exchange Hoobi, has received Japanese Financial Services Agency (FSA) approval to operate within the country.

The news comes following Huobi's merger with BitTrade, in a relaunched move that will now see Huobi Japan operate legally within the country. 

Huobi, which was founded in China, and has since moved to Singapore, with offices also based within the United states, has now successfully made inroads into the Japanese market. 

The fully regulated exchange will now be able to commence operations in Japan, "This is an important milestone for us," commented Huobi Group CEO Leon Li. 

Li also commented on the move stating that Huobi Japan now has one of the first 17 licenses issued under the FSA's regulatory regime.

Huobi Japan looks set to continue offering clients top notch trading services while growing their international presence in Japan and worldwide.

Huobi currently ranks within the top 5 largest cryptocurrency exchanges and looks set to rival for the top spot with their rapid expansion across the globe.

Huobi Japan is currently operating BTC, ETH, BCH, LTC, XRP, and MONA. Huobi have also marked the occasion by offering zero transaction fees on both crypto and fiat trading for a limited time.

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