China Merchants Bank Launches Crypto Exchange in Hong Kong

China Merchants Bank, a major Chinese bank with assets exceeding $1.7 trillion, has launched a cryptocurrency exchange in Hong Kong. The launch comes after the Hong Kong Securities and Futures Commission granted CMB International Securities Limited a virtual asset service provider license in July. CMB’s exchange allows eligible investors to trade Bitcoin (BTC), Ether (ETH), and Tether’s USDt (USDT) 24/7. However, only professional investors are permitted access.