🔥 Hong Kong Brokerages Ignite Crypto Trading Craze: Type 1 License Upgrade Complete, Compliant BTC and ETH Channels Open, Global Crypto Hub Rising!
Multiple Hong Kong Brokerages Complete Type 1 License Upgrade, Compliant Crypto Trading Market Welcomes New Progress
According to sources, multiple local Hong Kong brokerages, including Victory Securities and Eddid Securities, have completed the Type 1 license upgrade and are qualified to provide compliant crypto trading services.
In addition to Guotai Junan International, other Chinese-funded brokerages are also actively applying for relevant licenses, and more institutions may enter the Hong Kong compliant crypto trading market in the future.
It is reported that these brokerages' business model is mainly "distribution" in nature, providing customers with compliant trading channels for mainstream cryptocurrencies such as BTC and ETH through establishing an Omnibus Account on a licensed exchange, temporarily not involving high-risk altcoins. Brokerages follow strict compliance requirements in customer due diligence, suitability management, and investor education, and explicitly prohibit the participation of mainland Chinese residents.
Industry insiders predict that as Hong Kong's regulatory environment continues to optimize, more financial institutions will accelerate the layout of compliant crypto trading services, promoting Hong Kong to become a global crypto asset trading center.
