Chinese crypto mogul Li Lin’s private trading arm is set to move into a Hong Kong-listed wealth firm

The transfer effectively moves part of Li’s private trading operation into a public company where he is the largest shareholder. What to know : A Hong Kong-listed wealth manager, Bitfire Group, is acquiring crypto trading systems and staff from Avenir Group, the private investment arm of crypto billionaire Li Lin. The transfer effectively moves part of Li’s private trading operation into a public company where he is the largest shareholder. Bitfire plans a strategy targeting more than $700 million in bitcoin-linked assets using derivatives tied to products like the IBIT.