Today in Crypto: Digital Yuan Used to Buy Securities, Monex Group Interested in FTX Japan...

The People's Bank of China's digital yuan has been used to buy securities for the first time, according to a local media outlet. Investors can use the central bank digital currency (CBDC) to buy securities using the Soochow Securities mobile application, said China Securities Journal, citing the securities firm.

Tokyo brokerage company Monex Group is interested in FTX Japan, the Japanese subsidiary of the fallen FTX crypto exchange, that’s up for sale, Bloomberg reported, citing the online brokerage’s chief executive officer Oki Matsumoto. The CEO said that less competition within the local market would make the investment a good thing for the firm.

Bitget said that it is the first exchange to launch copy trading in the spot market. The Copy Trading feature gives users the option to copy trading strategies, as well as use view trader profiles provided by the platform to choose their preferred trader to follow, based on their P&L, trader ranking, and portfolio as recorded in the system.

The troubled crypto lender Vauld was given another extension by a court in Singapore and now has until February 28 to present a plan for its restructuring, Bloomberg reported. The company has yet to come up with a revival plan, it said, citing a person familiar with the matter.