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The Japanese branch of the huge cryptocurrency exchange Huobi has just raised around USD 4.6 million in equity funding by issuing new shares to Japanese financial services company FPG Corporation.

The exchange has been rapidly expanding for a while now. They already operate in  Singapore,  Canada,  Brazil, the  United States  and also have some units in the  Middle East, some North African  regions as well as Southeast Asia and many others. Lastly in October 2019, Huobi  made a move into  Turkey.

The company has been particularly looking into japan as the Crypto industry is big there. First by acquiring  the regulated exchange BitTrade and now this move shows even more determination.

The company say they plan to “contribute to the digitalization of the Japanese securities market by integrating the company’s professional financial business know-how with our security-focused blockchain technology to provide new financial assets and payment methods.”.