Share this article
BTC
$77,049.76
-
3.01%ETH
$1,468.43
-
6.89%USDT
$0.9994
-
0.04%XRP
$1.8162
-
2.02%BNB
$551.06
-
0.99%USDC
$1.0001
-
0.00%SOL
$106.14
-
1.84%TRX
$0.2282
-
1.87%DOGE
$0.1448
-
2.37%ADA
$0.5703
-
1.79%LEO
$9.1609
+
2.12%TON
$3.0104
-
3.12%LINK
$11.17
-
3.40%AVAX
$16.66
-
2.20%XLM
$0.2226
-
2.19%HBAR
$0.1539
-
2.33%SHIB
$0.0₄1095
-
2.56%SUI
$1.9451
-
3.11%OM
$6.2972
-
0.13%BCH
$274.74
-
0.42%Gate.io's Hippo Financial Services Obtains Hong Kong Crypto Custody License
The parent company is expanding globally.
Gate.io's Hippo Financial Services has been granted a license to offer virtual asset custodial services in Hong Kong, according to a press release on Monday.
Gate.io has a cryptocurrency exchange, blockchain, decentralized finance platform and more and is looking to expand globally. It started operating in Malta in March after its technology unit received a licenses as a virtual financial assets service provider, allowing it to operate an exchange and offer custodian services in the country.
STORY CONTINUES BELOW
"Establishing a custody business in Hong Kong is a global strategic milestone of Gate.io Group, not only because Hong Kong is the hub for many financial institutions and investors, but more importantly, the industry-leading regulatory regime of Hong Kong provides additional confidence for investors that place assets in Hippo FS's custody," Gate.io CEO Han Lin said in the release.
Gate.io's exchange is now based in the Cayman Islands. It left China after that country cracked down on crypto.
Camomile Shumba
Camomile Shumba is a CoinDesk regulatory reporter based in the UK. Previously, Shumba interned at Business Insider and Bloomberg. Camomile has featured in Harpers Bazaar, Red, the BBC, Black Ballad, Journalism.co.uk, Cryptopolitan.com and South West Londoner. Shumba studied politics, philosophy and economics as a combined degree at the University of East Anglia before doing a postgraduate degree in multimedia journalism. While she did her undergraduate degree she had an award-winning radio show on making a difference. She does not currently hold value in any digital currencies or projects.
