• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Hafu Securities Approved for Virtual Asset Trading in Hong Kong

user avatar

by Giorgi Kostiuk

6 hours ago


In June 2024, Hafu Securities, a subsidiary of Dongfang Fortune, received authorization from the Hong Kong Securities and Futures Commission (SFC) to offer virtual asset trading services. This development marks a significant milestone in Hong Kong's financial sector.

SFC Approval for Hafu Securities

Hafu Securities has been authorized by the Hong Kong SFC to offer virtual asset trading services under its expanded business licenses. This approval aligns with the SFC's updated licensing framework allowing more institutional players to engage in digital assets.

Hong Kong's Shift Towards Institutional Crypto Adoption

This action represents a potential increase in accessibility and legitimacy for virtual assets in Hong Kong. With regulatory backing, Hafu Securities is positioned to offer trading in major cryptocurrencies, enhancing market participation.

Cautious Optimism as Market Awaits Regulatory Outcomes

In 2023, Hong Kong's SFC commenced licensing for crypto exchanges, reflecting a broader trend of regulatory acceptance in digital trading markets. Bitcoin currently trades at $117,702.98 with a market cap of $2.34 trillion, indicating increasing investor confidence. The Coincu research team's analysis suggests potential growth in Hong Kong's financial landscape due to these regulatory adaptations.

Hafu Securities' approval marks a significant step forward for Hong Kong in the adoption of digital assets. It opens new opportunities for institutional investors and potentially alters the region's financial landscape.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Ethereum's New Achievements in Staking Could Impact the Market

chest

Ethereum has recorded a significant 29.26% staking level, reflecting investor confidence and potential impact on ETH price.

user avatarGiorgi Kostiuk

Ruvi AI (RUVI) Attracts Attention as a Potential Crypto Leader

chest

Ruvi AI stands out in the cryptocurrency crowd for its security, real-world utility, and high growth potential.

user avatarGiorgi Kostiuk

Cardano Displays Significant Market Growth

chest

Cardano (ADA) has surged over 18%, now trading at $0.7462. Trading volume has increased by 115%.

user avatarGiorgi Kostiuk

Binance Disputes Involvement in USD1 Stablecoin Linked to Trump Family

chest

Binance has denied its involvement in the development of the USD1 stablecoin associated with the Trump family, igniting controversy in the crypto industry.

user avatarGiorgi Kostiuk

Tether Discontinues Support for USDT on Five Chains: Impacts on Users

chest

Tether freezes USDT tokens on five chains, focusing on TRON and Ethereum, effective September 1.

user avatarGiorgi Kostiuk

Bitcoin Surpasses $118,000: Records and Projections

chest

Bitcoin has hit a record high above $118,000 amid rising institutional interest and strong market momentum.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.