Bitcoin News Today: CMB International Securities Launches 24/7 Crypto Trading in Hong Kong

CMB International Securities, a subsidiary of China Merchants Bank, the world’s eighth-largest bank, launched 24/7 trading for Bitcoin, Ethereum, and Tether in Hong Kong on August 18, becoming the first Chinese bank-affiliated securities firm to offer compliant cryptocurrency services in the region. The trading platform is accessible via a mobile application that requires Know Your Customer verification and operates under Type 1 and Type 7 licenses issued by Hong Kong’s Securities and Futures Commission [1]. These licenses, granted in July 2025, ensure compliance with the Securities and Futures Ordinance and the newly effective Stablecoin Ordinance [2].

The platform supports virtual asset trading through multiple security mechanisms, including cold storage wallets, real-time risk monitoring, and third-party audits [1]. It also offers an integrated account model, enabling institutional investors to trade both virtual assets and traditional securities simultaneously [3].

CMB International Securities aims to leverage its status as a leading asset manager to expand its market presence in the virtual asset sector. Its assets under management exceeded 130 billion yuan by 2024, with crypto services expected to contribute to further growth [3]. The firm is also exploring tokenization initiatives, including a collaboration with Solana to issue a tokenized money market fund, CMBMINT [4].

This move aligns with Hong Kong’s broader efforts to build a secure and innovative digital asset ecosystem. The Securities and Futures Commission launched its ASPIRe five-pillar strategy in February 2025 to support the development of virtual asset markets [5]. Hong Kong Financial Services Secretary Paul Chan emphasized the government’s support for traditional financial institutions entering the crypto space in a compliant manner, highlighting the importance of balancing innovation with investor protection [6].

CMB Wing Lung Bank had previously launched virtual asset ETF trading services in October 2024, offering retail investors access to Bitcoin and Ethereum-linked products through the Hong Kong Stock Exchange [7]. The bank also integrated ETF features into its mobile app, providing real-time market tracking and educational resources for retail users [8].

Hong Kong has accelerated its regulatory framework for virtual assets since January 2025, approving additional licenses for platforms and tightening custody rules in response to global security incidents that caused over $3 billion in losses in the first half of 2025 [9]. The government is also exploring tokenization in real estate and private equity through initiatives like Project Ensemble [10].

Meanwhile, mainland Chinese regulators have maintained strict prohibitions on stablecoin research and events, while supporting Hong Kong’s development as a digital asset hub. Institutions such as Guotai Junan International and Tianfeng International have begun processes to upgrade their licenses to offer similar services [11].

The Hong Kong crypto market has seen rapid growth, with over 40 companies submitting stablecoin license inquiries before August 1. Major firms, including JD.com, Ant Group, and Standard Chartered, have shown interest in participating in the market [12].

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[1] title1: World’s 8th Largest Bank CMB Launches 24/7 Bitcoin and Crypto Trading in Hong Kong (url1: https://cryptonews.com/news/worlds-8th-largest-bank-cmb-launches-24-7-bitcoin-and-crypto-trading-in-hong-kong/)