Coinbase: Already providing local ETF custody services in Hong Kong, and is discussing ETF sub-custody plans with HSBC


According to reports, the US-listed cryptocurrency exchange Coinbase announced that it is considering expanding into the Asia-Pacific market. John O'Loghlen, General Manager of the Asia-Pacific region and Director of Australia, stated that they withdrew from the Japanese market two years ago. Although Japan has recently relaxed token restrictions, the variety of tokens is still very limited and platforms must have at least 10 actual employees, which poses a challenge from a business perspective.