Japanese Cryptocurrency Exchange to Relaunch as Part of Huobi After Buyout
A regulated Japanese cryptocurrency exchange is shutting down to relaunch as part of the Huobi family. The new exchange will support six cryptocurrencies and 11 trading pairs. Existing Bittrade customers need to open new accounts, complete KYC verification, and transfer their assets to the new platform.
Bittrade Shutting Down
Bittrade, one of 16 regulated Japanese cryptocurrency exchanges, has announced the complete termination of its current trading system. The exchange will then reopen as part of the Huobi family.
Huobi Japan Holding Ltd., a wholly owned subsidiary of Huobi Global, has acquired a majority stake in Bittrade. Huobi itself stopped providing services to Japanese residents in June due to regulatory issues as Huobi is not a registered crypto exchange in Japan.
Bittrade is asking its customers to open accounts at the new Huobi platform and complete know-your-customer (KYC)…
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