Brothers, the big one is coming, Jack Ma is going to open an exchange.

6 days ago, Yunfeng Financial, which is affiliated with Jack Ma, quietly swept 10,000 ETH.

After 6 days, a major move has been reported from Yin Feng Financial, affiliated with Jack Ma:
The subsidiary "Yinfeng Securities" has been approved by the Hong Kong Securities and Futures Commission to provide virtual asset trading services on licensed platforms.

Jack Ma's move is definitely not a "hobby" but a strategic layout.

In the past, Alibaba's financial sector has proven its execution capabilities in payment and microfinance, and now extending its reach to virtual assets is essentially seizing the commanding heights of new financial infrastructure.

What does this mean?
1. Traditional financial capital officially enters the crypto space - In the past, it was entrepreneurs and VCs pushing for it, with crypto being more dominated by private capital. Now, with traditional financial giants like the Ma Yun group entering the market, it serves as a vote of confidence for the market.

2. The value of the Hong Kong virtual asset license is increasing - the license is not only regulatory recognition but also a passport for traffic and capital. In the future, whoever obtains the license will have the qualification to participate in the competition for the "Asian Crypto Financial Center."

3. The Asian cryptocurrency landscape may be rewritten - Hong Kong has always been a bridge between "Chinese capital and international finance". Jack Ma's entry may accelerate the integration of traditional funds and the cryptocurrency market, and even push a number of large institutions to follow suit.

The real show has just begun.
Next, it is not ruled out that more traditional financial giants (mainland or Southeast Asian capital) will accelerate obtaining licenses, and the market will transition from the "wilderness stage" to the "institutional game stage."

The question arises?

Will Jack Ma take this step to truly reshape the landscape of Asian crypto finance?👀

Will Hong Kong surpass Singapore to become the new "crypto capital"?

Will the three major exchanges be surpassed?