Important Information
[Hong Kong Digital Bank Mox Bank Approved to Upgrade to License No. 1, Opening USD Trading BTC/ETH]
According to multiple media reports (Hong Kong Economic Journal), Mox Bank has been approved by the Hong Kong Securities and Futures Commission (SFC) to upgrade to 'License No. 1' (securities trading business), allowing compliant virtual asset trading within its integrated accounts, initially only supporting the buying and selling of Bitcoin and Ethereum in USD; transactions will be executed by HashKey Exchange, custody by HashKey Custody, and approximately 0.5%—1.25% commission will be charged based on membership level. Mox becomes the second digital bank in Hong Kong to offer crypto trading, following ZA Bank.
Impact/Insight: The direct involvement of banks in regulated trading and custody segments marks the further implementation of 'banking and compliance' in cryptocurrency services in Hong Kong. In the short term, this is expected to enhance the convenience of compliant entry funds for BTC/ETH allocation; in the medium term, it may encourage more licensed institutions to connect with local compliant infrastructure like HashKey, strengthening Hong Kong's position as a compliant cryptocurrency financial hub in the Asia-Pacific region.
Industry Dynamics
[UK FCA enters the 'final consultation' phase for cryptocurrency asset regulations (consultation ends on February 12)]
The UK Financial Conduct Authority (FCA) has issued a latest press release stating that it is seeking final opinions on the conduct rules applicable to cryptocurrency companies, consumer duty, customer compensation, and asset protection, with a deadline of February 12, 2026; the FCA also points to a series of consultation documents (CP25/40, CP25/41, CP25/42).
Related Assets: Directly related to trading platforms and custodians operating or planning in compliance in the UK (e.g., COIN-US); in the medium term, this will affect the entry and compliance costs of UK products (such as custody, brokerage, lending/staking, etc.) and cross-border services.
[Coinbase: Completes Solana blockchain integration, opens trading for 'millions' of SOL ecological tokens in the US (excluding New York) and Brazil]
#coinbase Announces its DEX/on-chain trading capabilities have been fully integrated with Solana, enabling direct trading of SOL ecological tokens within the Coinbase App via the Jupiter aggregator; previously, Coinbase had launched on-chain trading functionalities in the US and Brazil, and this is a comprehensive rollout in the Solana direction.
Related Assets: Solana (SOL) and ecological tokens; Coinbase (NASDAQ:COIN). The former is driven by expectations of increased liquidity and accessibility, while the latter has a business growth logic due to product line expansion and increased penetration of on-chain trading.
Price Dynamics
[#比特币 ]$BTC
Driving Analysis: Overnight and pre-market sentiment is cautious, with media mentioning concerns about a government shutdown and a wait-and-see approach ahead of this week's Federal Reserve meeting, suppressing risk appetite; at the same time, the structural benefits of banks' compliant entry in Hong Kong have not yet been immediately reflected in price levels.
[#solana ]$SOL
Driving Analysis: Coinbase completes the integration with the Solana blockchain and opens trading for 'millions' of tokens, which is beneficial for ecological liquidity and tradable depth in the long term. However, in the context of overall market pressure, short-term prices have not strengthened concurrently, possibly reflecting a 'good news fully realized' and the resonance of market drag.