China Merchants Bank's 'CMB International Securities Limited' today (18th) announced that it has officially started providing virtual asset trading services, becoming the first Chinese bank-affiliated brokerage to launch cryptocurrency trading business in Hong Kong.
According to the official announcement, the newly launched service has been integrated into CMB International Securities' mobile application (APP), providing 'Qualified Investors' with 24/7 virtual asset trading capabilities.
Investors can directly participate in Bitcoin ($BTC), Ethereum ($ETH), and Tether ($USDT) trading through their virtual asset accounts. In the future, CMB International Securities will also expand the scope of virtual asset trading within the risk control compliance management framework and continuously upgrade trading functions.
It is worth noting that investors must first successfully open a cash account with CMB International Securities before they can open a virtual asset trading account; 'Qualified Investors' are those who hold professional investor qualifications and residents of 'non-restricted areas for virtual asset sales'.
As early as July 11, CMB International Securities obtained approval from the Hong Kong Securities and Futures Commission to upgrade its existing securities trading license to include virtual asset trading services, becoming the first Chinese bank-affiliated brokerage in Hong Kong to obtain a license related to virtual asset trading services.
The announcement states that the virtual asset trading function is officially online, marking a solid step for CMB International Securities in responding to regulatory policies, launching innovative businesses, optimizing system integration, and supporting compliant operations.
Further reading
CMB International launches blockchain fund! Becomes the world's first Hong Kong new dual-recognition fund on the blockchain, supporting fiat currency and stablecoins.
This article is reprinted with authorization from: (Block Guest)
Original title: (The first among Chinese bank-affiliated brokerages! CMB International Securities launches 'Virtual Asset Trading Service' supporting BTC, ETH)
Original author: Block Sister MEL
This article titled 'Chinese capital seizes the first opportunity, CMB Securities approved to launch crypto business in Hong Kong, supporting these three coins in the first wave' was first published in 'Crypto City'.
