Commenting on the hot topic in the market, Mr. Zeng Yuchao, Managing Director of Futu Group, said that Futu's virtual license for compliance operation In July 2024, the No. 1 license held by Futu Securities, a subsidiary of Futu Group, was successfully upgraded to provide virtual asset trading services to Hong Kong investors, including retail investors. In August 2024, Futu Securities was officially licensed and compliant to provide four spot trading pairs including Bitcoin, Ethereum, US dollars, and Hong Kong dollars to qualified Hong Kong individual investors. Later, it was gradually expanded to include more trading pairs including LINK and AVAX, as well as more functions such as deposit and withdrawal of coins. In January 2025, Panthertrade (Cheetah Trading), a subsidiary of Futu Group, was officially granted a virtual asset trading platform license (VATP) by the Hong Kong Securities Supervision Commission, marking another important progress in the compliance operation of the group in the cryptocurrency field.
According to the regulatory requirements of the Hong Kong Securities Supervision Commission, the formal exhibition of the virtual asset trading platform license needs to be completed in stages. At present, Cheetah Trading is actively cooperating with the Securities Supervision Commission to conduct the second phase of the evaluation work, including the evaluation of policies, procedures, systems and monitoring measures. After the evaluation is completed, it can officially expand its business to the outside world. That is to say, two Hong Kong licensed entities of Futu Group, Futu Securities International (Hong Kong) Limited and Cheetah Trading (Hong Kong) Limited, have obtained the No. 1 license upgrade and the virtual asset trading platform license (VATP) respectively. The two licenses can create a more closed-loop and competitive ecosystem.
Managing Director of Futu Group: Two Hong Kong-licensed entities under the Group have been granted license number one upgrades and virtual asset trading platform licenses respectively
2025-07-14 08:44:53
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