Huobi Japan announced that it has been approved by the Financial Services Agency of Japan to engage in the trading, underwriting and management of cryptocurrency derivatives, as well as operating a derivatives trading system, that is, it can develop crypto derivatives and provide users with trading and market-making services . Huobi Japan stated that currently only 7 of the 34 cryptocurrency exchanges in Japan have this license, and in the future it plans to develop a variety of crypto derivative products to meet market demand.