Crypto exchange Huobi Japan approved to offer derivatives trading

Huobi Japan, a bitcoin and crypto exchange company, today announced it has received approval from Japan’s Financial Services Agency (FSA) to register as a Type I Financial Instruments Business, as designated under the Financial Instruments and Exchange Act.This will enable Huobi Japan to engage in the trading, underwriting, and management of cryptocurrency derivatives, as well…
Crypto exchange Huobi Japan approved to offer derivatives trading

Huobi Japan, a bitcoin and crypto exchange company, today announced it has received approval from Japan’s Financial Services Agency (FSA) to register as a Type I Financial Instruments Business, as designated under the Financial Instruments and Exchange Act.

This will enable Huobi Japan to engage in the trading, underwriting, and management of cryptocurrency derivatives, as well as operate derivatives trading systems. The FSA is the chief regulatory authority for financial services in Japan, overseeing the banking, securities and exchange, and insurance sectors.

Currently, only seven out of the total 34 cryptocurrency exchanges in Japan possess this license, which requires the holder to meet specific asset levels. Without this license, the cryptocurrency exchanges may only offer limited spot trading services of cryptocurrencies for customers.

“We’re very excited to have reached this milestone. It will enable us to expand business beyond spot trading and fuel the next phase of our growth in Japan. Going forward, we plan to develop a number of crypto derivatives products to meet the growing demands of the market.”


– Huobi Japan CEO, Haiteng Chen

In June 2020, Huobi Token (HT) received approval from local regulatory authorities in Japan to list HT as a fully compliant crypto asset. Going forward, Huobi Japan plans to significantly expand its trading services and capabilities in Japan. As of September 2021, Huobi Japan offers spot trading services of 14 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Huobi Token (HT).

Read More

Total
0
Shares
Leave a Reply

Your email address will not be published.

Related Posts
Decentralized marketplace Particl introduces native ‘BasicSwap’ DEX
Read More

Decentralized marketplace Particl introduces native ‘BasicSwap’ DEX

Particl, a blockchain platform offering users a gateway into an independent and autonomous economy, announced that it soon will launch and expand its ecosystem with a new vital dApp – BasicSwap. BasicSwap is a cross-chain and private decentralized exchange (DEX) protocol that allows users to swap one crypto for another without any middleman or third…
Phoenix: BlockFills unveils new professional-grade crypto trading platform
Read More

Phoenix: BlockFills unveils new professional-grade crypto trading platform

BlockFills, a cryptocurrency trading technology company, announced today the release of Phoenix, its new Software-as-a-Service (SaaS) crypto interface designed for institutional clients to access the company’s proprietary cryptocurrency trading technology and liquidity.With the new platform, investors have access to the following capabilities:Desktop, Mac-native, web, and mobile platform versionsA virtually limitless choice of studies, drawing tools,…
Animoca and Hex Trust form JV to offer GameFi crypto wallet service
Read More

Animoca and Hex Trust form JV to offer GameFi crypto wallet service

Hex Trust, an Asia-based crypto-asset custodian, and Animoca Brands, a provider of blockchain gamification platforms, announced today they have formed a joint venture to provide institutional cryptocurrency wallets and financial services for online gamers. In the partnership, Hex Trust will provide its secure digital asset wallet technology and custody infrastructure to connect seamlessly with Animoca…