PANews, July 9 - Zeng Yuchao, Managing Director of Futu Group, stated that Futu Securities has 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. Trading pairs such as BTC and ETH will launch starting 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 evaluation. Futu is building a compliance closed-loop ecosystem through the dual layout of the Type 1 license and VATP, promoting the platformization of multi-asset trading.
