No Result
View All Result
Advertise
Submit a Press Release
Contact Us
Coindoo
  • Cryptocurrency News
    • All
    • Bitcoin News
    • Cardano News
    • Ethereum News
    • IOTA News
    • Litecoin News
    • Ripple News
    • TRON News
    XRP price prediction

    Ripple (XRP) Price Prediction and Analysis in January 2021

    PayPal

    PayPal Plans to Perform Crypto Transactions | Will It Get Bitcoin to $15.000?

    Sports News Apps

    The Best Classic Sports News Apps to Keep You Up-To-Date

    wire act

    What the Wire Act Means for Cryptocurrency

    cryptocurrency apps

    Cryptocurrency Apps Every Trader Should Have in 2020

    BitFlyer Brave

    Japan’s Biggest Crypto Exchange Partners with Brave to Launch Wallet

    Trending Tags

    • ethereum
    • ripple
    • Tron
    • bitcoin
  • Analyzes & Reviews
  • Guides & Tutorials
    Bitcoin casinos

    Most Common Coins Used to Play at Bitcoin Casinos

    crypto casinos

    Was 2020 the Year of Crypto Casinos?

    crypto signals

    How to Use Crypto Signals to Earn Money?

    online

    The Best Cryptocurrencies You Can Play in Online Casinos

  • Events
No Result
View All Result
Coindoo
No Result
View All Result
Home Cryptocurrency News

Huobi Pro Suspends Its Cryptocurrency Services in Japan

Adriana M. by Adriana M.
June 27, 2018
in Cryptocurrency News

Huobi Pro, the cryptocurrency exchange founded in 2013 by Leon Li, will suspend its financial operations in Japan starting July 2.

The company decided to announce the investors personally by e-mail on Wednesday. According to media Coinpost, the cryptocurrency trading platform will cease trading services to Japanese from 2 July 2018.

Huobi Pro’s decision was influenced by the regulatory framework

Asked by CoinDesk, Huobi Pro has confirmed the news, following to reveal new details about users’ funds. The decision to stop operating in Japan was influenced by the strict regulatory framework, given that the company is not registered under the standards of the Financial Services Agency (FSA). It isn’t known whether the crypto exchange received any notification from the regulatory agency or not.

In the first quarter of 2018, Huobi Pro announced its collaboration with SBI Virtual Currency, a subsidiary of Japanese giant SBI Holdings. This partnership was meant to allow the Singaporean exchange to have equal rights as national companies. Everything seemed promising until SBI Virtual Currency quit the collaboration in March 2018.

Over 13% of visitors come from Japan

Currently, more than 13% of visitors on Huobi Pro originate from – Japan, according to Alexa. The company did not reveal whether it would want to clarify the legislative part with the FSA in order to reopen its doors in the future or not.

Huobi Pro isn’t the first cryptocurrency exchange that made the decision to leave Japan. As previously reported by Coindoo, Binance, the world’s largest crypto exchange by 24-hour trading volume, received in March a notification from the FSA under the pretext of providing unlicensed services. As a result, the company chose to move to other crypto-friendly locations such as Malta and Bermuda.

According to CoinMarketCap, Huobi is the third largest cryptocurrency exchange in the world, with a 24-hour traded volume of $ 566,353,036. The best-selling crypto asset is EOS (EOS), followed by Bitcoin (BTC), Ethereum (ETH), Huobi Token (HT), and more.

Tags: bitcoinbtccrypto exchangecryptocurrencyeosethethereumFSAhtHuobi proHuobi Token
Adriana M.

Adriana M.

Related Posts

CoinRabbit Review: How to Profit From Hodling Your Crypto?

by Ionela C.
January 13, 2021
0

The problem with Bitcoin stashes in your crypto wallet is that you can’t use them if you have a long-term...

Bitcoin casinos

Most Common Coins Used to Play at Bitcoin Casinos

by Ionela C.
January 11, 2021
0

Over the past decade, we have seen a dramatic increase in the number of Bitcoin casinos. There are several advantages...

online

The Best Cryptocurrencies You Can Play in Online Casinos

by Ionela C.
January 5, 2021
0

An increasing number of online casino players are turning to cryptocurrencies, such as Bitcoin and others, for online betting and...

coinbase review

Coinbase Exchange Review | Fees, Security, Pros and Cons

by Lavinia C.

Before selecting a cryptocurrency exchange, one of the best we can do is to check a Coinbase review. In this...

yield farming

DYP Maximizing the Benefits of Yield Farming Protocols

by Ionela C.
December 23, 2020
0

If you want to take your DeFi investment strategy to the next level, you need to understand yield farming and...

Load More

We Recommend

Top Rated Casinos
Bitstarz Casino

CryptoGames

1xBit Casino

Winz.io Casino

BitcoinCasino.io
Top Crypto Prices Provider
Crypto.com
Top Crypto Trading Bots
TradeSanta
Top Rated Exchanges
Crypto.com

Binance Exchange
Top DEFI Leaderboard
Crypto.com
Top Advertising Services
Coinzilla Display Network
Our Latest Reviews
coinbase review

Coinbase Exchange Review

Even if it has its flaws and controversies, Coinbase is a
Kraken exchange review

Kraken Exchange Review

The exchange is one of the most popular crypto trading platforms,
XRP.io wallet review

XRP.io Wallet

XRP.io provides a very easy to use and simple user experience.
View All Reviews

Editor's Choice

Blockchain Analyzes & Reviews

CoinRabbit Review: How to Profit From Hodling Your Crypto?

by Ionela C.
January 13, 2021
0

SwapSpace exchange aggregator

SwapSpace Exchange Aggregator Review: Supported Cryptos, Fees, Pros and Cons

trading

The Benefits of Cross-Chain Trading

August 28, 2020
Stratus

Stratus Redefining Social Media

August 24, 2020

5 Minutes of Blockchain & Cryptocurrency News!

We completely understand that your inbox is already full of junk emails. We promise that we gonna try to keep it clean by sending a daily newsletter with our latest news. You can always choose to unsubscribe to our newsletter if you're not satisfied.
coindoo icon
  • Contact Us
  • Advertise
  • RSS Feed
  • About Us
  • Partners
  • Terms & Conditions
  • Privacy Policy

© 2017-2020 Coindoo

The information on this website and the links provided are for general information only and should not constitute any financial or investment advice. We strongly recommend you to conduct your own research or consult a qualified investment advisor before making any financial decisions. We are not responsible for any loss caused by any information provided directly or indirectly on this website.

No Result
View All Result
  • Cryptocurrency News
  • Analyzes & Reviews
  • Guides & Tutorials
  • Events

© 2017-2019 Coindoo