Skyscrapers Too Pricey for Bankers Are Full of Crypto Startups

Crypto firms leased 72,000 square feet grade A space this year
JPMorgan, BNP Paribas instead taking space in lower-cost areas

Crypto firms are leasing space in several of the most prestigious H.K. buildings. Philip Pang of Colliers weighs in.(Source: Bloomberg)

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By Shawna Kwan

September 27, 2018 at 4:00 PM UTC

Updated on

September 28, 2018 at 2:46 AM UTC

This article is for subscribers only.

It’s going to take more than a $600 billion crash in digital assets to deter cryptocurrency companies from splashing out on some the world’s priciest offices.

Crypto exchanges and investment funds are leasing space in several of the most prestigious buildings in Hong Kong, home to the highest rents anywhere. Companies from BitMEX to Diginex Ltd. have signed up for a combined 72,000 square feet (6,690 square meters) of grade A space in Central and Causeway Bay this year, according to Colliers International Inc.