On July 9, CoinWorld reported that Zeng Yuchao, Managing Director of Futu Group, stated that its subsidiary Futu Securities has successfully completed the upgrade of Hong Kong's Type 1 license in July 2024, allowing it to provide cryptocurrency trading services to retail investors in Hong Kong, with trading pairs such as BTC and ETH launching in August; in January 2025, its subsidiary Panthertrade obtained the 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 building a compliant closed-loop ecosystem through the dual layout of Type 1 license and VATP, promoting the platform development of multi-asset trading.