Chinese exchange Huobi has announced it is launching two cryptocurrency exchanges in Japan in conjunction with the SBI Group.
Huobi And SBI’s ‘In-Depth Cooperation’
Huobi, since China’s fiat exchange, ban has been actively looking to expand its international activities. It has now announced that it will develop “digital assets and financial services in Asia” via the partnership with the SBI Group.
An accompanying press release from Thursday explains:
According to the diversified needs of cryptocurrency investors, Huobi and SBI will conduct in-depth cooperation in areas such as capital and business.
In addition to setting up two subsidiaries, Huobi and SBI will flexibly mobilize technologies, knowledge, and personnel to jointly develop digital asset-related businesses in Japan and the rest of Asia through mutual complementarity and strength.
The two cryptocurrency exchange entities, SBI Virtual Currencies and Huobi Japan, will further diversify the country’s rapidly expanding exchange scene when they launch early next year.
Bitcoin-Friendly Japan Outshines Neighbors
Japan’s licensing structure has seen dozens of applicants come forward, with consumers now able to choose from countless options for trading cryptocurrencies, specifically Bitcoin and Ether.
Capitalizing on the market growth, Huobi …
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