The exchange intends to launch its Chinese subsidiary dubbed Tabi no later than March.
Apart from China, DBX also seeks to branch out into other countries, including the US.
The Chinese government has approved a South Korean crypto exchange to operate in the country despite barring all local crypto trading services. A report unveiled this news on February 7, noting that DBX had become the first South Korean crypto exchange to establish a subsidiary dubbed Tabi in China. Reportedly, Chinese authorities granted the exchange a corporation establishment license.
According to the report, DBX got initial approval from the Chinese government on December 28, 2020. After this, the exchange received a certificate of incorporation on February 5, making things official.