Victory Securities, one of Hong Kong’s well-established companies, has received regulatory approval to offer cryptocurrency trading services to retail customers.
A new company has been added to the companies licensed to provide cryptocurrency services to individual investors in Hong Kong. Victory Securities In a statement made on Friday, November 24, by the Hong Kong Securities and Futures Commission (SFC) to individual customers cryptocurrency service buying, selling and consultancy It was stated that a license was obtained to present it.
Approximately for 50 years With this license, Victory Securities, operating in the country, has become the first approval given to a traditional finance company for cryptocurrency services in the country. The company also has two companies that have previously succeeded in gaining approval: HashKey Exchange And OSL Digital Securities joined them.
Unlike HashKey Exchange and OSL Digital Securities, Victory Securities is the first to enter the cryptocurrency business. A well-established and traditional company in Hong Kong drew attention as. This development was interpreted as an important step for the integration of the traditional financial system in Hong Kong into the cryptocurrency industry.
Victory Securities Executive Director Mr. Chan Pui Chuen He stated that they aim to build a bridge between the traditional finance and cryptocurrency sectors with this license:
We are delighted to be recognized as a ‘first’ by SFC again. This year’s ‘firsts’ in the cryptocurrency industry give us the opportunity to stay ahead of the game and accumulate operational experience in the industry. We will offer a number of privileges to encourage new customers to choose compatible and secure cryptocurrency trading services. We will also launch the ‘Buy Stock, Buy Currency, It’s That Simple’ program, which will allow clients to enjoy an all-in-one experience of virtual asset and securities services through our unique trading platform.