Skip to main content

Beijing-based Bitcoin trading platform Huobi moving to Japan


Huobi, which was at one time the largest Bitcoin trading platform in China. It is now moving to Japan from the first quarter of this year 2018.
The exchange announced a deal with Japanese financial institution SBI Group, which will see it move to the country. It is partnering with SBI to launch two virtual currency exchanges “SBI Virtual Currencies,” and the other “Huobi Japan.”

Also Read: Huobi, OkCoin, BTCC, and via BTC is set to stop trading

China was a hot place for Bitcoin trades and the top three exchanges led in Bitcoin trades regarding shares in the first quarter of 2017. The exchange alone led the onslaught in 2013 as the top BTC trading markets in China.
That changed in January of 2017 when the People’s Bank of China (PBOC) stopped private exchanges from trading cryptocurrencies. However, that seems to be harsher regulatory action turned into a crackdown on all cryptocurrencies who facilitated crypto trade with RMB. China also banned ICOs from September last year.
Source of the Article: Beijing-based Bitcoin trading platform Huobi moving to Japan
Labels:

Comments

Post a Comment

Popular posts from this blog

Meet Bisq, a censorship-resistance fiat-crypto exchange

There are compelling reasons to believe that centralized exchanges will continue to master Bitcoin marketplaces for some time given their current popularity. However, it is apparent that they will in future face stiffer competition from decentralized competitors like Bisq. Hacks, flash crashes, government censorship and privacy and security lawsuits against crypto firms are uncommon nowadays. This is a result partly due to the  Bitcoin community deviating too far from the three enduring principles for which cryptocurrency rests: security, privacy, and censorship resistance. Read Detail info here:  Meet Bisq, a censorship-resistance fiat-crypto exchange
Post a Comment
Read more