According to CoinWorld news, on July 17 (UTC+8), the virtual asset business in Hong Kong is rapidly expanding, with 11 trading platforms already licensed, including HashKey, OSL, Futu's PantherTrade, and Sina Huasheng Investment's EX.IO; in addition, 28 institutions are in the candidate stage, and 10 are applying for virtual asset trading platform licenses, including Bixin, Crypto.com, Bybit, BitMart, etc. Meanwhile, 42 institutions have upgraded to license type 1 to provide comprehensive virtual asset trading services, 37 have upgraded to license type 4 to offer investment advice on virtual assets, and 41 have upgraded to license type 9 to manage over 10% of virtual asset investment portfolios, indicating that Hong Kong's financial system is accelerating its embrace of the crypto market. (Source: LiveReport)