Bitcoin News Thebittimes.Com

SEBA began its quest for Hong Kong expansion late last year, setting up an office in November 2022 and by August 2023, the firm obtained an in-principle approval to offer virtual asset trading services. Switzerland-based crypto bank SEBA AG has become the latest crypto-centered firm to obtain a license from the Hong Kong Securities and Futures Commission (SFC). SEBA’s Hong Kong subsidiary, SEBA Hong Kong, received the regulatory nod to offer a range of crypto -related services in the region. According to the data available on the SFC website, SEBA received the license on 3rd Nov. SEBA SFC license details. Source: SFC The license makes way for SEBA in dealing and distribution of all securities, including virtual assets-related products such as over-the-counter (OTC) derivatives. The license marks SEBA’s first footprint in the Asia Pacific region. SEBA first launched an office in Hong Kong in November 2022 with a focus on expanding its services in the region and received an in-princip...

The crypto trading platform plans to add options for SOL, XRP, and MATIC starting January 2024. Crypto derivatives exchange Deribit is seeking to apply for a brokerage license in the European Union roughly a year after the platform suffered a $28 million hack. In an interview with Bloomberg, Deribit CCO, Luuk Strijers, said the EU is currently considered by the exchange as the “best environment to launch new products,” although in early 2023 reports said the business was planning to move to Dubai. “Is this the best environment to launch new products or should we defer? That’s what keeps us awake.” Luuk Strijers, Deribit CCO He also added that the firm is expecting “some increased volatility” in early 2024 as Deribit plans to launch new options on Solana (SOL), XRP, and Polygon (MATIC) — altcoins, which have been classified as a security by the U.S. Securities and Exchange Commission. As of press time, Deribit offers Bitcoin (BTC) and E...