Registered cryptocurrency exchange trader Bit Trade (Bit Trade) announced on 30th November that January 8, 2019 to expand new service as foreign exchange Huobi (Fobi) . The current trading system will be closed on January 18, 2019.
Bit trade currently adopts the company ‘s trading system through a contract with bitbank (bit bank), but this will be closed in January next year.
In order to use the new service, it is necessary to open an account different from the conventional account, and acceptance of opening a new account is scheduled to start from December 10 . In Huobi’s trading system, three pairs of ETH / JPY, LTC / JPY, XRP / BTC are newly added to eight pairs of currencies currently handled, totaling 6 currencies of 11 pairs.
In addition, Bitrade announced that the capital was raised from 160 million yen to 620 million yen by the parent company, FXTF ASSET INVESTMENTS PTE LTD, through third-party allotment of shares. Capital of capital increase is planned for system construction, security enhancement, etc.
Bit trade announces that shareholders have been transferred to Huobi Japan in September this year. On the other hand, Huobi reportedly stopped services for Japan in June this year, but both news can be regarded as a move towards this new regime.
Japanese subsidiary of Huobi (Fobi) acquires a domestic exchange BitTrade (bit trade) – CRYPTO TIMES
Article Source: BitTrade
Author: kaz 【Coin Desk News】 – Source Post: https://crypto-times.jp/bittrade-will-operate-as-huobi-from-next-year/
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