💣Hong Kong🇭🇰: CMB (8th largest bank worldwide)🇨🇳launches 24/7 crypto trading in the city

💣Hong Kong🇭🇰: CMB (8th largest bank worldwide)🇨🇳launches 24/7 crypto trading in the city

CMB International Securities, a subsidiary of China Merchants Bank, is preparing to take the lead in Hong Kong’s booming crypto market, whose value is rapidly increasing.

▶️The CMB International trading platform will provide 24/7 trading for Bitcoin, Ethereum, and Tether through an integrated mobile app requiring KYC verification. Investors will be able to access both virtual and traditional assets.

▶️In partnership with OKX Planet, the platform will feature trading mechanisms and liquidity support for key scenarios.

▶️Security will be reinforced through cold storage wallets, real-time risk monitoring, and third-party audits.

▶️The launch is based on Type 1 and 7 licenses granted by the Hong Kong Securities and Futures Commission in July 2025, in strict compliance with the Securities and Futures Ordinance and the new Stablecoin Ordinance, effective August 1st.

▶️Experts note that CMB has outpaced around forty licensed virtual asset platforms in Hong Kong, including HashKey Exchange and OSL.

▶️In 2024, CMB International managed over CNY 130 billion in assets, reflecting an annual growth of 15%.

▶️Future plans include partnerships with public blockchains such as Solana to launch a tokenized money market fund named CMBMINT.

#news #Asia #crypto #China

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