# Crypto exchange Huobi re-launches in Japan

By Shampa Mani

Canonical URL: https://www.tokenpost.com/news/business/1054
Published: 2019-01-10T10:55:29.000Z
Updated: 2019-01-10T10:55:29.000Z
Section: Business

> Leading cryptocurrency exchange Huobi has officially announced the re-launch of its services in Japan.

Leading cryptocurrency exchange [Huobi](<https://www.huobi.com/zh-cn/>) has officially announced the re-launch of its services in Japan.

We are pleased to announce that Huobi has officially launched in Japan! Follow [@HuobiJapan](<https://twitter.com/HuobiJapan?ref_src=twsrc%5Etfw>) for more news and updates. [https://t.co/tCUjO84V4b](<https://t.co/tCUjO84V4b>)

— Huobi Global (@HuobiGlobal) [January 9, 2019](<https://twitter.com/HuobiGlobal/status/1082874965571948546?ref_src=twsrc%5Etfw>)

The company had [halted its operations](<https://www.coindesk.com/huobi-pro-exchange-to-suspend-crypto-trading-in-japan>) in Japan last June as it did not have the required license from the Financial Services Agency (FSA). However, Huobi soon [acquired](<https://bitcoinmagazine.com/articles/huobi-enters-japanese-market-bittrade-acquisition/>) BitTrade, which is one of the 16 regulated Japanese cryptocurrency exchanges, once again making inroads into the country.

Last month, BitTrade announced the complete termination of its trading system with plans to reopen under the Huobi brand, [Bitcoin.com](<https://news.bitcoin.com/japanese-cryptocurrency-exchange-relaunch-huobi/>) reported.

A report from [CryptoNewsZ](<https://www.cryptonewsz.com/huobi-reopens-trading-services-in-japan/5879/>) states that Huobi will launch a campaign to reward 500 yen (approximately $4.60) in XRP to new accounts. Furthermore, BitTrade has notified its users to open new accounts on the Huobi platform by completing all KYC requirements and transfer all their assets.

“We are sorry for the inconvenience caused by the termination of the Bittrade service and updating to the Huobi new system. In the new system, we will continue to offer more liquidity and convenience services, so we appreciate your patronage,” BitTrade said (as quoted by CryptoNewsZ).

According to the official website of [Huobi Japan](<https://www.huobi.co.jp/>), the platform currently supports Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), and Monacoin (MONA).

◆ Huobi　ETH、BCHを1月10日（木）よりお取引をスタート！◆

本日、ビットトレードよりETH,BCHの取引開始します。

XRP、BTC、ETH,BCH、合計4種類の仮想通貨取引です。

当社は安全で信頼できるデジタルアセット取引を提供しますので、宜しくお願いします。

ホームページ→[https://t.co/h3L2j0EfZu](<https://t.co/h3L2j0EfZu>) [pic.twitter.com/qbvVOLUPHn](<https://t.co/qbvVOLUPHn>)

— Huobi Japan (@HuobiJapan) [January 10, 2019](<https://twitter.com/HuobiJapan/status/1083222130542538752?ref_src=twsrc%5Etfw>)

Huobi, the sixth largest cryptocurrency exchange in terms of 24-hour trading volume, last year announced that it has selected five partners to [launch cryptocurrency exchanges in five countries](<https://tokenpost.com/Huobi-to-set-up-five-cryptocurrency-exchanges-in-new-markets-via-cloud-platform-174>) through its Huobi Cloud. In December, it opened its [Russian office](<https://www.tokenpost.com/Cryptocurrency-exchange-Huobi-expands-to-Russia-883>) in partnership with the VEB Digital Transformation Center.

## Links in this article

- [Huobi](https://www.huobi.com/zh-cn/)
- [@HuobiJapan](https://twitter.com/HuobiJapan?ref_src=twsrc%5Etfw)
- [https://t.co/tCUjO84V4b](https://t.co/tCUjO84V4b)
- [January 9, 2019](https://twitter.com/HuobiGlobal/status/1082874965571948546?ref_src=twsrc%5Etfw)
- [halted its operations](https://www.coindesk.com/huobi-pro-exchange-to-suspend-crypto-trading-in-japan)
- [acquired](https://bitcoinmagazine.com/articles/huobi-enters-japanese-market-bittrade-acquisition/)
- [Bitcoin.com](https://news.bitcoin.com/japanese-cryptocurrency-exchange-relaunch-huobi/)
- [CryptoNewsZ](https://www.cryptonewsz.com/huobi-reopens-trading-services-in-japan/5879/)
- [Huobi Japan](https://www.huobi.co.jp/)
- [https://t.co/h3L2j0EfZu](https://t.co/h3L2j0EfZu)
- [pic.twitter.com/qbvVOLUPHn](https://t.co/qbvVOLUPHn)
- [January 10, 2019](https://twitter.com/HuobiJapan/status/1083222130542538752?ref_src=twsrc%5Etfw)
- [launch cryptocurrency exchanges in five countries](https://tokenpost.com/Huobi-to-set-up-five-cryptocurrency-exchanges-in-new-markets-via-cloud-platform-174)
- [Russian office](https://www.tokenpost.com/Cryptocurrency-exchange-Huobi-expands-to-Russia-883)