China Merchants Bank Secures Hong Kong Crypto License for Global Trading
The first mainland broker to obtain a crypto license, allowing BTC and ETH trading, custody, and advisory services for international clients amid China's Web3 support.
BTC
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Summary
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Terms & Concepts
crypto license: A regulatory approval allowing financial institutions to engage in cryptocurrency-related activities such as trading and custody.
Web3: A decentralized internet model that leverages blockchain technology to enhance user control and data ownership.
BTC and ETH: Abbreviations for Bitcoin (BTC) and Ethereum (ETH), the two largest cryptocurrencies by market capitalization.