Hong Kong Bitcoin Exchange ANX Acquires CoinMKT: Another Boost for Bitcoin?

Hong Kong Bitcoin Exchange ANX Acquires CoinMKT: Another Boost for Bitcoin?

It was announced today that ANX had acquired CoinMKT in order to expand their presence around the globe. David Chapman, ANX's COO, said that the acquisition would strengthen their footprint in the Americas. The bitcoin exchange also has plans to bring new partners on board so it will be able to offer local bank transfers and MTB licenses all over the USA. The break into the American market. ANX came into being as a bitcoin exchange in 2013. Through their history, it's easy to assume that despite the fact they're based in Hong Kong, they've been targeting the American crowd with their....


Related News

Hong Kong Exchange ANX Chases US Market with CoinMKT Acquisition

Hong Kong-based bitcoin exchange ANX has commenced a push into the US market with its acquisition of the domain name and brand rights to CoinMKT.com. The CoinMKT exchange, founded by Travis Skweres and Ola Ajayi in Santa Monica, California, will continue to operate as usual, under the ANX umbrella and using ANX technology. The founders will be helping with the transition. ANX COO Dave Chapman said another business relationship currently being put in place will also provide the exchange with access to vital money transmission business (MTB) licenses and banking relationships throughout....

Nasdaq to Share Its Blockchain Tech with the Hong Kong Stock Exchange

The president and chief operating officer of Nasdaq, Adena Friedman, has said that it is hoping to share information with the Hong Kong Stock Exchange on its blockchain technology, according to a report from the South China Morning Post. According to Friedman, it has become a priority for the New York-based Nasdaq to work with the Hong Kong Stock Exchange. Last month, the Hong Kong Monetary Authority (HKMA) announced that it was setting up a Fintech Innovation Hub and a Supervisory Sandbox enabling banks to conduct proof of concept trials and services. It is hoped that this will boost the....

Hong Kong Looking Seriously at Blockchain for Mortgage Solutions

Hong Kong is one of the most important financial centres of the world, but with limited space and high demand, property in Hong Kong has always been in short supply. Simplifying home ownership in Hong Kong is therefore a prime concern for the Hong Kong government, which has undertaken a number of measures in the last few years to make home ownership both affordable and easy. The Nikkei Asian Review reported that as recently as early November, the Hong Kong government raised stamp duty to cool down the boiling Hong Kong housing market. This measure of the government was mainly aimed at....

Hong Kong Amends Crypto Law to Regulate All Exchanges

Cryptocurrency regulation in Hong Kong is undergoing changes. The Securities and Futures Commission (SFC) is reportedly introducing a new licensing system to regulate all crypto exchanges operating in Hong Kong. Hong Kong’s New Crypto Regulation The CEO of the SFC, Ashley Alder, talked about implementing a new cryptocurrency regulatory framework at Hong Kong Fintech Week on Tuesday. All cryptocurrency trading platforms operating in Hong Kong or targeting local investors will be required to apply for a license with the SFC, Radio Television Hong Kong (RTHK) reported. “Later....

Crypto Exchange Binance Ceases Hong Kong Futures As Regulatory Pressure Piles Up

Crypto Exchange Binance has announced that users from Hong Kong can no longer create new futures accounts. Crypto Exchange Binance Haults New Hong Kong Futures Accounts Binance announced today in a blog post on its website that the crypto exchange is winding down derivative trading in Hong Kong. The announcement explains: As the market leader, […]