Recently, there has been significant news in the cryptocurrency world: Guotai Junan International - a traditional Chinese brokerage that everyone is familiar with, has officially received approval from the Hong Kong Securities and Futures Commission to provide trading services for virtual assets such as Bitcoin and Ethereum!
What does this mean? In simple terms:
In the future, the account you open at this brokerage will not only allow you to buy stocks, but also legally and compliantly buy virtual currencies like Bitcoin, Ethereum, USDT, and even receive related investment advice. The 'wall' between traditional finance and the cryptocurrency world has been broken!
What is the value of a license?
This is not just an ordinary small breakthrough, but an upgrade of the full-chain service capability, including three core businesses:
Virtual asset trading execution: directly placing orders to buy and sell mainstream coins like Bitcoin and Ethereum
Investment advisory service: Brokers can provide compliant virtual asset allocation advice based on your situation
Issuing + distributing cryptocurrency products: including over-the-counter derivatives, and even future tokenized securities
Guotai Junan International has become the first Chinese brokerage to obtain this complete license, which means they can offer a compliant full process from account opening to trading to investment advice
What do you think about this?
This is not just a matter of a single brokerage obtaining a license, but an important signal that traditional Chinese financial institutions are beginning to enter the cryptocurrency market on a large scale.
Next, there may be more brokerages, banks, and even insurance companies following suit.
In the future, virtual assets will no longer be 'a game for cryptocurrency players,' but an important segment of mainstream finance
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