PANews reported on October 2 that during Token2049 in Singapore, at an event jointly organized by Avenir Group, CME Group, and FalconX, Avenir Group COO Jason Lan stated that the group is preparing to launch a new cryptocurrency trading platform.

According to reports, the platform will mainly serve B-side customers, aiming to build an innovative solution that integrates traditional finance and the crypto market to provide institutional customers with more efficient transactions and liquidity.

Public information shows that Avenir Group is a cutting-edge investment institution and family office founded by former Huobi founder Li Lin. It is also the largest Bitcoin ETF holding institution in Asia.