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Huobi Global Buys Large Chunk of BitTrade

In a major announcement, Huobi Global buys BitTrade. Huobi Japan Holding Ltd, Huobi Global’s wholly owned subsidiary, just acquired the majority stake of Japan’s BitTrade. Huobi Global owns and operates Huobi, the third largest cryptocurrency exchange by daily trade volume.

What a Year for Binance! Now It Will Take on South Korea

Binance Moves to South Korea: Binance has become the most succesful crypto exchange platform in the world. It has taken the exchange just over a year to achieve this title – it cites its beginnings in July 2017 by the now billionaire Changpeng “CZ” Zhao – and it handles the largest daily trading volume in the world; an average amount of $1.45 billion a day, according to coinmarketcap.com.

Binance Receives Major Warning from the Japanese Govt

The world’s largest cryptocurrency exchange, Binance, just received a huge warning from Japan. The exchange is listed in Hong Kong but it’s servers actually reside in South Korea. Since the Chinese did that firewall ban, the Binance IPs moved to the British Virgin Islands and other locations to avoid regulatory issues in the future.