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Guotai Junan International Launches Crypto Trading Following SFC Approval

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by Giorgi Kostiuk

6 hours ago

Guotai Junan International has announced the launch of cryptocurrency trading services in Hong Kong, accompanied by a significant rise in company shares.

Launch of Cryptocurrency Trading

Guotai Junan International launched its cryptocurrency trading platform after receiving approval from Hong Kong's Securities and Futures Commission on June 24. The platform supports trading in cryptocurrencies such as Bitcoin, Ethereum, AVAX, and LINK.

Market Response to the News

The market reacted swiftly. Following the announcement, Guotai Junan's stock increased by over 80%, reflecting investor optimism regarding the company's strategic expansion.

Potential for Institutional Adoption

Hong Kong's evolving regulatory environment may create opportunities for further institutional adoption of digital assets. Notably, similar interest was seen when CMB International launched its crypto services.

The launch of cryptocurrency trading by Guotai Junan International marks an important step towards supporting the growth of the cryptocurrency market in Hong Kong, reflecting increasing interest from institutional investors.

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