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SBI Holdings and Huobi will open in Japan a new crypto exchange

SBI Holdings , the financial services unit of the Japanese SBI Group, has partnered with the Chinese exchange Huobi , thanks to which a new crypt exchange will be opened in Japan early next year.

As marks Nikkei Asian Review , at creation of a new stock exchange the technological decisions and experience of trading platform Huobi will be used . At the same time, the Chinese stock exchange will own 30% of the shares of the new division of the Japanese conglomerate.

In turn, SBI Virtual Currencies will get 30% of Japanese income and 10% of South Korean units of Huobi . The permission from the Japanese regulator to act as a crypto-exchange SBI Virtual Currencies was received back in September.

Apparently, Huobi seeks to capture as much of the rapidly growing Japanese crypto-currency market. Moreover, one of the units of this Chinese stock exchange is already operating in Singapore, and in the near future Huobi intends to open crypto- exchange sites in Hong Kong and South Korea.