More Hong Kong Brokerages Are Providing Crypto Trading Services
As Victory Securities expands with crypto services, more Hong Kong brokerages are offering virtual asset trading options.
According to a recent report by the Securities Times, several Hong Kong brokerages, including Victory Securities, Tiger Securities, and Interactive Brokers, have introduced services that allow investors to trade Bitcoin and other virtual assets directly through their platforms.
On June 12, Victory Securities announced that the brokerage would offer stablecoins deposit and withdrawal services for professional investors, including Tether (USDT) and USD Circle (USDC). Investors can now access new services on its VictoryX App.
Previously, Victory Securities has introduced Bitcoin (BTC) and Ethereum (ETH) trading for retail investors and included the features on the same platform. It obtained the license from the Hong Kong Securities and Futures Commission (SFC) in November 2023.
The company was the first to receive the necessary licenses for virtual asset operations, which include Type 1 for Virtual Asset Trading, Type 4 for Virtual Asset Advisory Services, and Type 9 for Virtual Asset Management Services.
“Investors can now trade a wide range of virtual asset from different exchanges via Victory Securities’ Platform, and with the newly launched stablecoins deposit and withdrawal services, we can provide them with more diversified investment choices,” said Victory Securities Executive Director Kennix Chan.
The company has also planned to launch a new “Convert” feature to help investors invest in and trade stablecoins instantly, improving the user experience.
In addition, Tiger Brokers officially launched virtual asset trading services on May 6, providing investment opportunities for 18 cryptos including
