The Japanese financial services group SBI Group has announced a partnership with Huobi to engage in cryptocurrency.

he would launch a virtual currency exchange early next year.

Huobi is expected to benefit from increased exposure to Japanese markets in light of the closing of the stock market in China, as reported by Nikkei Asian Review.

… The trading system and the know-how of the operations of the company, which has a four-year management history, will be put to good use, "says the announcement. Virtual currency transactions are expanding rapidly, we will use our highly secure system as a weapon to attract customers. "

Japan has quickly turned into a crypto-currency paradise in recent months. to be inundated by the demands of Chinese nomadic companies that no longer have domestic market.

This week, the country said it would follow US regulators by allowing trade Bitcoin futures, something that he would do "as soon as possible"

Huobi meanwhile aims to open trade in Hong Kong, Singapore and Korea, although they adopt an attitude increasingly hostile to the negotiation of cryptocurrency