According to PANews, Zeng Yuchao, Managing Director of Futu Group, stated that Futu Securities successfully completed the upgrade of its Hong Kong Type 1 license in July 2024, allowing it to provide cryptocurrency trading services to retail investors in Hong Kong, with trading pairs like BTC and ETH launched in August. In January 2025, its subsidiary Panthertrade obtained a Virtual Asset Trading Platform license (VATP) issued by the Hong Kong Securities and Futures Commission, and is currently undergoing the second phase of regulatory assessment. Futu is constructing a compliant closed-loop ecosystem through the dual layout of the Type 1 license and VATP, promoting the platformization of diverse asset trading.

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