Huobi acquires licensed Japanese crypto exchange BitTrade

posted 10 days ago
Huobi Group is to expand its trading services to Japan via an imminent deal to purchase local licensed cryptocurrency exchange BitTrade. BitTrade is currently one of 16 licensed exchanges in Japan and also a member of the Japanese Virtual Currency Exchange Association.

Huobi's chief financial officer, Chris Lee, commented on the acquisition: "Leveraging on BitTrade's leadership team and its Japanese government-approved license, this is just the beginning as we look to grow BitTrade into the most dominant player in the Japanese cryptocurrency market."
Tags: bitcoin, news