Huobi is buying crypto currency exchange BitTrade
Huobi Japan Holding Ltd, a subsidiary of the provider of financial solutions for blockchain assets Huobi Group, will become the owner of a controlling stake in the Japanese cryptocurrency exchange BitTrade owned by the Singaporean multimillionaire and entrepreneur Eric Chang.
The amount and date of the transaction were not disclosed. The press release says that the team Huobi Japan Holding Ltd plans to make the exchange available to users around the world.
“Together, we will use the global experience Huobi as well as advanced security systems company to BitTrade has become a leader in the Japanese market. Long-term partnership with Huobi is the right step for BitTrade because we intend to continue our rapid growth,” said Eric Cheng.”
We will remind, in June, Eric Cheng acquired a 100 percent stake in BitTrade for $50 million the Exchange is one of the 16 cryptocurrency platforms licensed from the financial services Agency of Japan.