PANews April 22 news, according to Bloomberg, Avenir Group's CEO Livio Weng stated in an interview that Bitfire is acquiring the related trading team and its trading system from the family office Avenir Group, which is under Li Lin. Li Lin holds 30% of this wealth management company, and this move aims to help the company expand its private banking client base. With the addition of the new team, Bitfire has secured approximately $500 million in initial investment intentions. Bitfire launched its private banking business last August and has since added about 300 clients, primarily including family offices, publicly listed companies, and high-net-worth individuals. The company plans to expand its trading strategies for Ethereum and stablecoins later this year.

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