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.
Huobi Twitter Shared:
Huobi Japan is one of seven exchanges in the country to have successfully registered with the regulators as a Type I financial instruments business.https://t.co/1rluFFVYaW
— Huobi (@HuobiGlobal) October 19, 2021