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Huobi Japan Receives Japan FSA License to Launch Cryptocurrency Derivatives

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Mark Brennan
Author: Mark Brennan
Less than 1 min.read
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The Japanese arm of the Chinese exchange Huobi, Huobi Japan, has received approval from the Financial Services Agency (FSA) of Japan to trade and manage cryptocurrency derivatives.



Huobi Japan CEO Haiteng Chen described the registration as an important milestone for the company’s business in Japan, as it will enable Huobi to develop financial derivatives and offer trading and marketing services to customers.

“We are delighted to have reached this milestone. This will enable us to expand our business beyond spot trading and will drive the next phase of our growth in Japan. In the future, we plan to develop a range of derivatives products to meet the growing market needs, ” Chen said.

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Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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