TechFlow news, March 3 — According to reports from the Hong Kong Economic Times, John O'Loghlen, Managing Director for Asia Pacific and Head of Australia at U.S.-listed cryptocurrency exchange Coinbase, said the company has already provided custody services in Hong Kong for local exchange-traded funds (ETFs) and is currently discussing sub-custody arrangements with HSBC.
John O'Loghlen also stated that Coinbase currently has no plans to launch operations in Hong Kong, as international platforms entering the Hong Kong market may need to overhaul their entire exchange technology infrastructure. Additionally, although Japan has recently relaxed restrictions on tokens, Coinbase views the commercial environment there as challenging due to strict limitations on token types and requirements for platforms to have at least 10 local employees.
