Analysis: The current upgrade of License No. 1 is only a distribution attribute, and Chinese-funded brokerage firms are temporarily unable to establish their own Crypto Assets trading platform.

2025-06-26 04:54:51

On June 26, according to the Hong Kong Securities and Futures Commission, as of June 24, a total of 40 institutions have upgraded to License No. 1, which means upgrading the existing securities trading license to provide virtual asset trading services through a consolidated account arrangement, including 38 brokerages, 1 bank, and 1 internet company. Industry insiders pointed out that the License No. 1 (upgrade) obtained by Chinese brokerages is merely a distribution attribute, and brokerages cannot build their own Crypto Assets trading platform but can connect clients to existing Crypto Assets trading platforms. (Economic News Agency)

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.