It has been just revealed that Standard Chartered backed-Zodia custody has just expanded in Hong Kong. Check out the latest reports about the matter below.
Zodia custody expanded in Hong Kong
According to CNBC, Zodia, a UK-based company, is expanding its business in the Asia Pacific region and has recently entered the Hong Kong market.
Julian Sawyer, the CEO of Zodia, mentioned that Hong Kong is an ideal market for their institutional services, as there is a high demand for them.
Zodia has also expanded its institutional services to Australia, where its platform will act as a portal to connect institutions to digital asset exchanges and provide secure storage of their assets in bank-grade cold wallet storage.
Zodia, a company backed by Standard Chartered, SBI Holdings, and Northern Trust, has recently announced that it is now offering institutional-grade digital asset services in Singapore.
The company has registered its digital asset custody service with the UK’s Financial Conduct Authority.
Meanwhile, Hong Kong is positioning itself as a major crypto hub in Asia by launching its crypto retail trading licensing scheme last June.
Recently, Hong Kong’s Securities and Futures Commission has updated its regulatory framework with two additional investor protection measures.
New Bitcoin prediction is out ahead of the halving
It has been reported that PlanB is revealing a new BTC price prediction ahead of the halving. Check out the latest reports about the matter below.
PlanB shared the following tweet on X:
Reminder: October closing price tomorrow is the start of the [halving minus 6 months – halving plus 18 months]-period that historically outperforms buy&hold. And that is the essence of the S2F model: that scarcity and thus halvings drive price.https://t.co/WiwIjN07ph pic.twitter.com/dM4wJVfAmZ
— PlanB (@100trillionUSD) October 30, 2023
When someone asked him if they should buy today, he responded:
“Yes, this model is indeed buying the October close tomorrow. But as you know I use many models (like S2F model, bitcoin market cycle model, classic TA, many onchain indicators) some of which gave earlier buy signals. NFA, DYOR, always make your own buy and sell decisions!”
