RATE Group | Japanese Financial Services Firm Invests in Crypto Exchange Huobi Japan
73366
post-template-default,single,single-post,postid-73366,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Japanese Financial Services Firm Invests in Crypto Exchange Huobi Japan

26 Dec Japanese Financial Services Firm Invests in Crypto Exchange Huobi Japan

Posted at 11:02h in Cryptocurrency News by

[ad_1]

Japanese financial services firm Tokai Tokyo Financial Holdings will invest about 500 million yen (nearly $4.6 million) in the Japanese branch of cryptocurrency exchange Huobi.

According to a press release on Dec. 26, the investment is part of a broader collaboration with Huobi Japan, wherein Tokai will acquire shares in the exchange. Tokai did not immediately respond to Cointelegraph’s request for details regarding the share acquisition. This article will be updated once more information is forthcoming.

Tokai intends to use the partnership with Huobi to promote new businesses in the areas of crypto asset exchange, initial exchange offerings, local currency issuance, and crypto management and storage services. 

According to financial news website Financial Times, Tokai Tokyo Financial Holdings reported a revenue of 57.57 billion Japanese yen ($252.5 million) over the past 12 months. 

The firm stated today that its new partnership is part of a wider effort to adopt new and emerging…

[ad_2]

Source link

Tags:
, , , , , , , ,