Summary
- A subsidiary of China Merchants Bank has reportedly launched a virtual asset exchange in Hong Kong.
- The exchange announced it will provide 24-hour trading of cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) for professional investors.
- CMB International is said to be the first Chinese bank-affiliated securities firm to obtain a license for virtual asset trading services in Hong Kong.
A subsidiary of China Merchants Bank, one of China's largest banks, has reportedly launched a virtual asset (cryptocurrency) exchange in Hong Kong.
According to Cointelegraph on the 18th (local time), China Merchants Bank's subsidiary, CMB International Securities Limited, has introduced a virtual asset exchange in Hong Kong. This exchange offers 24-hour trading for professional investors in Bitcoin (BTC), Ethereum (ETH), and other assets.
Meanwhile, CMB International is the first Chinese bank-affiliated securities firm to obtain a virtual asset trading service license in Hong Kong.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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