TLDR: AMINA HK gets SFC Type 1 license, leading crypto services in Hong Kong. AMINA offers 24/7 crypto trading and custody for professional clients in Hong Kong. AMINA’s crypto services set to meet growing demand in Hong Kong’s market. AMINA leads in Hong Kong with secure, regulated digital asset solutions. Hong Kong sees 233% crypto trading growth as AMINA enters the market. AMINA HK, a subsidiary of the Swiss-regulated AMINA Bank AG, has secured a significant regulatory achievement in Hong Kong. The Securities and Futures Commission (SFC) has granted AMINA a Type 1 license uplift, marking it as the first international bank in Hong Kong to offer comprehensive crypto trading and custody services. This move positions AMINA as a leading player in Hong Kong’s evolving digital asset market, offering institutional-grade crypto services to professional clients. New Crypto Services for Professional Clients in Hong Kong AMINA’s new services include 24/7 crypto spot trading, crypto deposits, withdrawals, and institutional-grade asset safeguarding. These offerings are available to professional clients, including high-net-worth individuals, corporations, and institutions in Hong Kong. With access to 13 vetted cryptocurrencies, including Bitcoin, Ethereum, and major stablecoins, AMINA provides clients with the tools to trade and safeguard their digital assets in a secure, regulated environment. The license uplift enables AMINA to offer services aligned with Hong Kong’s robust regulatory standards. These capabilities give professional investors a seamless, secure way to manage their digital assets. AMINA’s Strategic Position in Hong Kong’s Crypto Market AMINA’s expansion into Hong Kong’s crypto market comes at a time of rapid growth. The city has seen a 233% increase in crypto trading volume in the first half of 2025, a trend that is expected to continue. The SFC’s decision to approve AMINA’s Type 1 license reflects the growing demand for institutional-grade crypto services in Hong Kong, especially as the market matures. AMINA’s entry into this market enhances Hong Kong’s role as a regional hub for institutional crypto adoption. As the first foreign bank to receive this license, AMINA stands out by combining Swiss banking rigor with expertise in Hong Kong’s digital asset market. The approval also positions AMINA to offer private fund management, structured products, and tokenized real-world assets in the near future. AMINA’s Role in Hong Kong’s Institutional Crypto Ecosystem The approval of AMINA’s services also supports Hong Kong’s broader regulatory push to become a global hub for digital assets. In recent years, the city has introduced exchange licensing, stablecoin regulations, and crypto investment products. With AMINA’s new services, Hong Kong professional investors now have access to secure, regulated crypto trading solutions within the city’s established legal framework.
https://coincentral.com/amina-becomes-first-international-bank-in-hong-kong-to-offer-full-crypto-trading-custody-services/
Tag: crypto-services
Coinidol Weekly Crypto News Digest: Market Plunge, BTC vs Gold, and Kazakhstan National Crypto
**Top 5 Most Impactful Cryptocurrency News Stories of the Week**
This week in the cryptocurrency world was marked by a massive market correction that erased most of the year’s gains. However, amidst the volatility, pivotal regulatory and institutional developments highlighted the industry’s ongoing maturation and long-term potential. Here is a review of the top five most impactful crypto news stories from Coinidol.com.
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### 1. Market Plunge Wipes Out $400 Billion
The defining event of the week was a severe market downturn that wiped nearly $400 billion from the total crypto market capitalization between November 1st and November 8th. Bitcoin (BTC) briefly dipped below the significant $100,000 mark on November 4th, retreating over 20% from its early October highs and officially entering “bear market” territory.
This slump was driven by a continuation of the liquidation cascade that began in late October, where leveraged long positions were aggressively closed, severely shaking investor confidence. As a result, the total crypto market value fell to approximately $3.45 trillion.
However, by the weekend of November 8th, the market began showing signs of a strong technical rebound. Altcoins such as Ethereum (ETH) and XRP led the recovery, indicating that the worst of the deleveraging could be over.
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### 2. JPMorgan Views Bitcoin as “Cheaper Than Gold”
In contrast to the short-term volatility, major institutional players reinforced Bitcoin’s long-term value. On November 6th, JPMorgan analysts published a report stating that Bitcoin now appears “mechanically cheaper than gold” on a volatility-adjusted basis following the recent price crash.
The report emphasized that Bitcoin has “significant upside” potential and suggested that it would need to trade closer to $170,000 to be valued on par with gold’s private sector investment. This assessment strongly supports Bitcoin’s narrative as digital gold and highlights a compelling buying opportunity for investors.
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### 3. Central Bank of Ireland Fines Coinbase €21.5 Million
Regulatory enforcement made headlines when the Central Bank of Ireland (CBI) fined Coinbase Europe Limited €21.5 million on November 6th. The penalty resulted from serious failures in the exchange’s Anti-Money Laundering (AML) and Counter Terrorist Financing (CFT) controls.
Specifically, Coinbase’s transaction-monitoring system failed to properly oversee over 30 million transactions valued at more than €176 billion over an extended period. This landmark fine — the CBI’s first against a major crypto-services provider — sends a clear message to all European crypto firms: compliance and robust monitoring systems are mandatory and will be strictly enforced under the incoming MiCA regulatory framework.
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### 4. Kazakhstan Aims to Launch National Crypto Fund
In a notable move towards integrating digital assets into sovereign finance, Kazakhstan announced plans to establish a national Cryptocurrency Reserve Fund valued between $500 million and $1 billion.
This fund will strategically invest in ETFs and shares of publicly traded crypto-sector companies, primarily utilizing assets recovered from overseas rather than holding volatile cryptocurrencies directly. Kazakhstan’s initiative positions it among the first nations to officially incorporate digital assets into its sovereign wealth management strategy, leveraging cryptocurrency to diversify the national economy and manage wealth.
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### 5. Ripple Labs Secures $500 Million Strategic Funding Round
Institutional investment confidence in crypto infrastructure was underscored by Ripple Labs’ announcement on November 5th of a $500 million strategic funding round. This investment tripled Ripple’s valuation to $40 billion and was backed by prominent Wall Street firms, including Citadel Securities, Fortress Investment Group, and Brevan Howard.
The capital will be used to expand RippleNet, the company’s global payment network, and accelerate the development of its stablecoin infrastructure. This substantial injection of traditional finance capital validates the growing trust in the long-term utility of payment solutions and stablecoins within the crypto ecosystem.
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**Conclusion**
Despite a challenging week for cryptocurrency markets driven by a sharp correction, the sector continues to demonstrate resilience. Institutional endorsements, regulatory clarity, and innovative national strategies signal a maturing industry poised for sustained growth.
Stay tuned for more updates and in-depth analysis from Coinidol.com.
https://coinidol.com/digest-market-plunge-btc/