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Li Lin to fold Avenir's 20-member trading unit into Bitfire to bolster private banking push

Roughly 20 traders and their trading systems from Avenir Group—the single-family office of crypto tycoon Li Lin—are set to be fully integrated into Bitfire Group Holdings Ltd., a Hong Kong-listed wealth manager, Bloomberg reported. Li owns about 30% of Bitfire. CEO Livio Weng said the deal is intended to tap the team's expertise to broaden Bitfire's private banking client base.
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