Share this article
China Construction Bank Pulls Planned Listing of Bitcoin-Tradable Bond
The "Big Four" Chinese bank has suspended the listing of a $3 billion bond issuance that was intended to be tradable for bitcoin and U.S. dollars.
Updated Sep 14, 2021, 10:34 a.m. Published Nov 23, 2020, 9:39 a.m.
A top Chinese bank has suspended the upcoming listing of a $3 billion bond issuance that was intended to be tradable for bitcoin and U.S. dollars.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- As reported earlier in November, the Labuan, Malaysia, branch of China Construction Bank (CCB) was sponsoring the issuance of the Longbond debt securities, set to be traded via the Fusang digital asset exchange.
- In an update emailed to CoinDesk Monday, CCB Labuan said the "proposed issuance will not proceed and the overall bond-issuance [program] is being re-evaluated."
- When asked by CoinDesk, Fusang Exchange was not able to provide any information as to why the CCB had backed out of the issuance.
- CoinDesk reached out to CCB for comment, but didn't immediately receive a response.
- CCB is one of the “Big Four” Chinese banks and is the world's second biggest by assets, according to online sources.
See also: World’s Second-Biggest Bank to Issue $3B in Bonds Tradable for Bitcoin
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Crypto exchange HashKey's shares fall 5% on trading debut in Hong Kong
Investors questioned whether Hong Kong’s dominant licensed exchange can turn surging volumes and regulatory advantage into sustainable profits.
What to know:
- HashKey Holdings' shares fell about 5% in their Hong Kong trading debut, highlighting investor caution despite the company's dominant market position.
- The company reported significant losses due to its ultra-low fee strategy, which has not kept pace with operating costs.
- HashKey's growth is increasingly tied to Hong Kong's regulatory framework, affecting its market outlook.
Top Stories
