CMB International don launch 24/7 crypto trading for Hong Kong
CMB International Securities, wey be subsidiary of China Merchants Bank, don become di first bank-affiliated securities firm for Hong Kong wey dey offer licensed 24/7 crypto trading. Dem get approval from Hong Kong Securities and Futures Commission with Type 1 and Type 7 licenses. Di platform dey support Bitcoin (BTC), Ethereum (ETH) and Tether (USDT). Investors gots do KYC and AML checks before dem fit trade, and assets dey protected by cold wallets, real-time risk monitoring plus external audits. Partnership with OKX Planet dey make sure say liquidity deep for peak hours. Di integrated service make institutional and individual clients fit manage both digital assets and traditional securities using single account. Dis move dey make Hong Kong strong as regulated digital asset hub and e dey pave way for other Chinese financial firms like Guotai Junan and Tianfeng International to upgrade their licenses and enter crypto market.
Bullish
CMB International as di first bank-affiliated securities firm wey launch licensed 24/7 crypto trading, mark beta milestone for institutional adoption. Similar moves wey major banks for Singapore and Europe do don boost liquidity plus investor confidence, wey cause increase for volume and tighter spreads. For short term, traders fit expect better market depth and more stable price action for BTC, ETH, and USDT. For long term, Hong Kong strong regulatory framework plus integrated trading model suppose attract global institutional flows and support steady growth for digital asset market.