RATE Group | Huobi Acquires Licensed Cryptocurrency Exchange in Japan
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Huobi Acquires Licensed Cryptocurrency Exchange in Japan

13 Sep Huobi Acquires Licensed Cryptocurrency Exchange in Japan

Posted at 09:58h in Cryptocurrency News by

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Huobi

Giant cryptocurrency exchange, Huobi has acquired a majority stake in Japan-based BitTrade in a move that is aimed at significantly scaling the trading platform and giving it greater global recognition.

Now based in Singapore, Huobi was originally founded in China in 2013 and has over the years grown beyond borders into a number of nations that include Hong Kong, Korea, Japan and the United States.

Already Established Reputation

Huobi ranks among the top five cryptocurrency exchanges in the world, with an accumulated trading volume of over $1trillion since it was founded, and a native token trading above $1.50 as listed on CoinmarketCap as at the time of writing.

Earlier this year, the exchange was reported to have expanded into the European market by establishing an office in London in a move that the company’s Vice President described as an absolute entry point for his company into the European market.

On the other hand, BitTrade as an exchange also boasts of achieving…

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