Huobi acquires Singaporean entrepreneur Eric Cheng’s crypto exchange BitTrade

Huobi acquires Singaporean entrepreneur Eric Cheng’s crypto exchange BitTrade

REUTERS/Dado Ruvic

Huobi Japan Holding Ltd, a wholly owned subsidiary of global crypto giant Huobi, has announced that it will pick a majority stake in Singaporean entrepreneur Eric Cheng’s wholly owned Japanese-licensed cryptocurrency exchange, BitTrade Co., Ltd. (BitTrade), according to an official release.

Financial terms of the deal were not disclosed.

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