SBI Group partnering with Huobi

The SBI Group, a financial institution and Huobi Group, China united to launch of two digital currency exchanges. The two new exchanges proposed to be named as ‘SBI Virtual Currencies’ and ‘Huobi Japan’ will establish their crypto business in Asia with the technological aid of Huobi. As per the agreement, the SBI will be allowed 30% equity in Huobi, Japan and 10% in Huobi Group, Korea.  The Huobi will be allowed 30% equity in SBI Virtual Currencies, a subsidiary of SBI Holdings.

 

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