Mark Weaden
Huobi, one of the most popular cryptocurrency exchanges in Japan, has added Bitcoin Satoshi Vision (BSV) to its cryptocurrency listing, signalling continued success for the Swiss-based blockchain company.
The listing was announced by the BSV Blockchain Association, with the BSV digital asset on the prestigious Huobi Japan Exchange. The asset will first be available as of June, with residents of Japan able to buy, sell and trade the asset.
Huobi and BSV
The Huobi platform comes complete with a first-rate mobile app, giving users access to the markets on the move. The exchange is quite selective about which cryptocurrencies they list, which is all the more credit to BSV, which has seen a great deal of growth despite the market suffering.
On top of that, the country’s cryptocurrency industry is monitored by the tightly controlled Financial Services Agency of Japan (FSA), which makes it even more difficult to attain a listing.
The achievement was celebrated in a speech by the company’s managing director Patrick Prinz, at the BSV Global Blockchain Convention in Dubai, saying “We’ve been working nonstop with businesses and officials across the globe, including Japan, to educate and inform just how transformative BSV can be. The Huobi listing of BSV demonstrates the direction that Japan is going when it comes to exploring the possibilities and solutions that blockchain technology can provide to its businesses and citizens.”
How To Get Listed On Huobi
Given the fact it’s so difficult to attain a listing in Japan, it’s been a long journey to get to this point. The vetting process began back in March of 2021, with risk analysis and sponsorship requirements necessary, among other things.
The exchange lists some 400 cryptocurrencies worldwide. Compare this to the Huobi Japan offering of just 14 cryptocurrencies, with the addition of BSV making it 15. The whitelisting by the FSA has presented the opportunity for other Japanese exchanges to consider listing BSV.
With so few coins listed in Japan, BSV is likely to get a lot of exposure. As the markets begin to stabilise, we may see a large portion of the Japanese crypto community investing in BSV and driving its price. But, for the now we must wait until the bear markets drops-off. Regardless, it’s an exciting time for everyone associated with the BSV project.
