Overview

• CMB International Securities, a China Merchants Bank subsidiary, launched its regulated crypto trading platform in Hong Kong on August 18, 2025.
• The mobile-accessible service offers round-the-clock trading of Bitcoin, Ethereum, Tether under Type 1 and Type 7 SFC permissions obtained in July 2024.
• Access is restricted to qualified investors who pass KYC/AML checks and hold a conventional cash account, effectively excluding mainland retail participants.
• The platform incorporates cold storage, multiple security checks and third-party audits and draws on an OKX Planet partnership for trading engine and liquidity support.
• Industry observers expect other Chinese securities firms such as Guotai Junan and Tianfeng to seek similar SFC approvals to launch regulated crypto services in Hong Kong.