BTCBOX, the popular Japan-based bitcoin exchange informed this week that they have decided to establish a subsidiary ‘MBK ASIA LIMITED’ in order to open and operate a new digital currency exchange out of Hong Kong.
The company announced they’ve already applied for the necessary registration for its incorporation.
The exchange is currently planning and negotiating strategic partnerships for settlement and remittance services to operate internationally.
In addition, BTCBOX is designing the Hong Kong establishment to serve as a backup for the company management information and computer systems.
The BTCBox team said:
“In April of this year, demand for virtual currencies has been increasing more than ever since the ‘revised fund settlement law’ etc. came into effect in order to optimize the service on the virtual currency. BTCBOX has also seen an increase in customer assets under management expected from an increase in new customers, as well as an increase in sales of bitcoin.”
BTCBOX also reported that for the first time ever it achieved a profitable single month, which occurred in May of this year.