Home News Huobi to Expand Japan Business via Local Crypto Exchange Acquisition

Huobi to Expand Japan Business via Local Crypto Exchange Acquisition

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Huobi Group(Huobi), a leading major cryptocurrency Exchange operator, would acquire a majority stake in Japanese cryptocurrency Exchange Bittrade, owned by Eric Cheng, via Huobi’s Japan branch further to expand services, along with the global reach, according to the announcements.
Huobi, established in 2013, is one of the global major cryptocurrency Exchanges with an accumulated trading volume of USD 1 trn, and the Exchange has compliance service teams in Singapore, South Korea, Hong Kong, Australia, UAE, Luxembourg among others.    
Bittrade, established in 2016, is known as one of the cryptocurrency Exchanges, registered by the Japanese government. Its current tradable currencies include Bitcoin, BitcoinCash, Ripple, Etherum, Litecoin, and Monacoin.
Huobi recently acquired a majority stake in HK-listed electronics company Pantronics Holdings, according to media reports.        
https://www.huobi.com/
https://markets.businessinsider.com/news/stocks/global-crypto-giant-huobi-acquires-majority-stake-in-singaporean-entrepreneur-eric-cheng-s-japanese-licensed-crypto-currency-exchange-bittrade-1027526866