"Economic Times News Agency Special Report on the 10th" Victory Securities (08540-HK) announced the launch of Hong Kong's first stock and cryptocurrency trading application VictoryX. It is the first licensed financial institution in Hong Kong that can allow APP to configure stocks and cryptocurrencies at the same time. It also announced that it has once again become "Hong Kong's first" securities firm approved by the Securities and Futures Commission to be able to "in and out currency".
It is reported that Victory obtained approval from the China Securities Regulatory Commission at the end of last year to provide virtual asset trading and consulting services to retail investors. Currently, retail investors can freely buy and sell investment products in multiple markets including virtual assets, Hong Kong stocks and US stocks through the VictoryX platform. Customers are expected to realize "coin in and coin out" on the APP as early as the end of this month, and can deposit cryptocurrencies directly into Victory's account, realizing a comprehensive configuration of traditional finance and Web3.0 virtual assets.
Chen Peiquan, executive director of Victory Securities, said that in recent years, investors' requirements for trading platforms have continued to rise. In view of this, Victory Securities has invested tens of millions to create a market-exclusive stock and currency trading APP. Victory Securities is currently actively developing virtual asset-related investment products and technical support, such as the BTC Cycle Fund launched earlier and the ETFs and quantitative trading systems that are being planned to be launched, which are products targeting investors at different levels.
There are rumors that Hong Kong may launch a spot Bitcoin exchange-traded fund (ETF) this month. Chen Peiquan pointed out that if the spot ETF is successfully listed on the Hong Kong Stock Exchange, the bank will also provide related trading services. He also pointed out that in recent years, there are signs that more and more customers will directly invest in virtual currencies and related ETFs. The bank has started virtual asset trading business since March last year and has recorded profits. He also revealed that the number of customers is currently growing exponentially every month.