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Bitfinex appears to have moved its business to a Hong Kong bank

by The Block

October 16, 2018, 2:47PM EDT  ·  2 min read

Quick Take

  • Bitfinex appears to be banking with Hong Kong-based Bank of Communications through a private account of PROSPERITY REVENUE MERCHANDISING LIMITED
  • U.S. based Citibank acts as the intermediary bank

by The Block

October 16, 2018, 2:47PM EDT  ·  2 min read

Recently, Bitfinex briefly banked with HSBC through a private account via Global Trading Solutions, and subsequently suspended all fiat deposits for nearly a week. Now, according to a source familiar with the matter, Bitfinex appears to be banking with Bank of Communications through a private account of PROSPERITY REVENUE MERCHANDISING LIMITED.