Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Industry insiders: The current license upgrade is only about distribution, not about brokers building their own cryptocurrency trading platforms.

Industry insiders: The current license upgrade is only about distribution, not about brokers building their own cryptocurrency trading platforms.

View original
2025/06/26 05:11

ChainCatcher news, 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 their existing securities trading license to provide virtual asset trading services through integrated account arrangements, including 38 securities firms, 1 bank, and 1 internet company.

Industry insiders pointed out that the No. 1 license (upgrade) obtained by Chinese securities firms this time is only for distribution purposes, and the securities firms cannot build their own cryptocurrency trading platform, but instead will connect their clients to existing cryptocurrency trading platforms.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!