Huobi Exchange to Open Office in San Francisco

The company is looking to grow internationally and “the U.S. will be our focus right now”, said Chief strategy officer of Huobi
31 January 2018   522

Huobi Pro, the international division of the once popular Chinese exchange announced its plans to launch an office in San Francisco. 

Cai Kailong, Chief strategy officer, revealed the move on January 26 at the USA — China blockchain conference Blockchain Connect, saying he came to the U.S. the week prior to help set it up. Cai also said that Huobi is looking to grow internationally and that “the U.S. will be our focus right now.”

A spokesperson for Huobi confirmed that the company is building a new headquarters in the Silicon Valley area, but the representative did not offer any further details the office's purpose.

Last month, we have reported Huobi Group partnered with SBI Holdings, a financial services company group based in Tokyo, to launch a pair of cryptocurrency exchanges in Japan in order to offer yen-based services and to develop the cryptocurrency-related business in the Asian region.

Huobi Pro also announced on January 23 that the company plans to launch its own cryptocurrency, called Huobi Token (HT).

Japanese 'Money Forward' to Launch Crypto Exchange

Money Forward Financial is going to launch a media crypto platform this summer, and afterwards - a digital assets exchange
24 May 2018   63

The operator of the popular application for personal finance management Money Forward Inc intends to launch a cryptocurrency exchange this year, BC Focus reports.

Japanese fintech-company has been working in this direction since December last year. To implement the plans, the company has already registered a subsidiary division called Money Forward Financial.

Money Forward Financial is going to launch a media cryptocurrency platform, and afterwards - a digital assets exchange. In the future, the company plans to create a number of more advanced solutions for working with crypto-currencies, including automated payment systems and various analytical tools.

Currently, the customer base of the company has about 5 million users. The cloud application of Money Forward Inc for tax accounting and financial management is used by 500,000 Japanese companies and 2,400 accounting firms.

Big Japanese financial institutions are making steps to cryptocurrency business. Mitsubishi UFJ Financial Group (MUFG), world's 5th biggest bank has announced plans to introduce own cryptocurrency by 2019.