CMB International Securities, a subsidiary of China Merchants Bank, has launched a registered platform for trading cryptocurrencies in Hong Kong. The platform provides immediate access to Bitcoin, Ethereum, and USDT.
Launch of CMB International Securities Crypto Exchange
On August 18, CMB International Securities announced the launch of its new licensed crypto platform, enabling qualified investors to trade Bitcoin, Ethereum, and Tether through a mobile app. This move followed the approval of the company's expanded license by the Hong Kong Securities and Futures Commission.
Strict Access Conditions for the Platform
CMB International Securities' platform restricts access to 'qualified investors,' excluding mainland Chinese residents and requiring users to set up a conventional cash account to gain access to crypto services. Participants must possess professional investor credentials, which often means representing an institution or holding an investment portfolio exceeding HK$8 million (approximately $1 million).
Integration of Cryptocurrencies with Traditional Finance
CMB International Securities' shift toward cryptocurrencies also aims to frame digital assets as a complement to traditional finance. The company has expressed plans to integrate crypto with conventional stock trading and fintech applications for investors seeking diversified portfolios.
The launch of CMB International Securities' crypto exchange highlights Hong Kong's ambition to become a major crypto jurisdiction in Asia, despite the long-standing restrictions on cryptocurrency operations in mainland China.
