Huobi Japan has received consent Financial Services Agency (FSA) to conduct activities related to type I financial instruments. It is the seventh stock exchange that has received this type of license.
Huobi Japan ranked seventh in Japan with an FSA license
Japanese branch stationed in the Seychelles cryptocurrency exchange Huobi obtained permission from Japanese regulatory authorities to offer and trade cryptocurrency derivatives. Thus, Huobi joined the group of seven exchanges in the Land of the Rising Sun registered with the Financial Services Agency dealing with type I financial instruments. The company thus gained the opportunity to develop its products and expand the scope of
New perspectives after approval by the FSA
Obtaining a license from the FSA can be considered a great success for Huobi. It is the main regulator of financial services in Japan, which oversees areas such as banking, securities, stock exchanges and insurance. Haiteng Chen, CEO of Huobi Japan, said in one of his statements that the Agency's approval is a great achievement for the company, thanks to which it will be able to introduce new products related to kryptowalutami.
The Huobi Japan crypto exchange is a centralized part of the entire Huobi ecosystem. It currently offers 13 coins (incl Bitcoin, Ethereum and Huobi Token) as well as 35 trading pairs. In 2018, the company released Huobi Token (HT) in the Ethereum standard (its current price is $ 7,60).
In 2020, the Huobi group launched a public one blockchain an open source for DeFi named Huobi Chain. In September this year Huobi Ventures announced a fund worth USD 10 million intended for investments in GameFi, i.e. games based on blockchain technology,
NFT and mechanisms "Play-to-Earn". The funded emerging companies can count on Huobi's support in areas such as marketing, legal solutions, and strategic partnerships.