Digital asset service provider Hex Trust announced the acquisition of Byte Trading to expand its institutional market presence

ChainCatcher news, according to cryptonews, Hong Kong crypto custodian Hex Trust announced the acquisition of Byte Trading, with the specific amount undisclosed. This move aims to enhance its institutional service capabilities. By integrating Byte Trading's low-latency trading platform technology, Hex Trust plans to improve its existing custody and comprehensive financial services.

Hex Trust CEO Alessio Quaglini stated that this acquisition is an important milestone for the company in its transformation from a custody service provider to a full-fledged financial institution, aiming to meet the growing demand for digital assets from institutional investors.