Guotai Junan International and Victory Securities have received regulatory approval to provide cryptocurrency trading services in Hong Kong starting June 2025.
Approval for Crypto Trading in Hong Kong
According to recent news, Guotai Junan International and Victory Securities are now officially allowed to offer cryptocurrency trading services, marking a significant step in integrating the crypto market into traditional financial structures in Hong Kong.
Market Reaction and Stock Surge
Following the announcement of approval, Guotai Junan International saw its stock rise by over 27.7%. Victory Securities also experienced a stock boost of 22.4%, which later stabilized at a 13.7% gain, reflecting positive investor sentiment. Market participants express confidence in the opportunities presented by digital assets through traditional finance channels.
Bitcoin Price Dynamics
Currently, the price of Bitcoin stands at $109,031.12 with a market cap of $2.17 trillion and a 24-hour trading volume of $49 billion. A 1.55% increase over the past seven days reflects growing market interest amid regulatory changes.
The approval for cryptocurrency trading by Guotai Junan and Victory Securities in Hong Kong may lead to increased financial innovation and market participation, setting precedents for other regions.
