Bitfire Group Holdings Limited 1611
HKEX · Hong Kong SAR China · Electronic Technology
HKD 1.900.00 (0.00%)
Market open· · HKD · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
Market open· · HKD · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
Bitfire integrates Avenir trading team and strategy, drawing early interest from family offices and listed companies.
Chinese crypto tycoon Li Lin plans to move a trading system and team from his family office to Hong Kong-listed Bitfire Group, where he is the largest shareholder, in an effort to tap into demand for digital assets among investors and institutions. Bitfire, a wealth-management firm, on Wednesday said it had agreed to buy the investment team and trading systems of Avenir Group, Li's family office, for $1.6 million. Cryptocurrency trading has been banned in mainland China since 2021, while Hong Kong is striving to become a virtual asset hub.
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