September 27, 2020

Huobi Bitcoin Exchange Japan Raises $ 4.6 Million

Huobi Japan cryptocurrency exchange has attracted 500 million yen (~ $ 4.6 million) investment, reports The Block with a link to the site Japanese unit.

Share in Huobi Japan received local financialFPG Corporation. The funds will be directed to “expanding the business in Japan”, developing services for digitalization of securities, developing innovative payment solutions and issuing new financial assets.

“We are confident that we can create safe and reliable services for our customers,” the exchange said.

Huobi Japan established last year afterHuobi Group's acquisition of a controlling stake in BitTrade licensed crypto exchange. According to the requirements of Japanese regulators, all trading floors in the country must be registered and obtain appropriate permission from the Financial Services Agency (FSA).

Recall that last month Huobi launched a cryptocurrency exchange in Argentina.