Managing Director of Futu Group: Two Hong Kong licensed entities under the group have respectively obtained license upgrade and virtual asset trading platform license

According to a report by Golden Finance, Mr. Zeng Yuchao, Managing Director of Futu Group, commented on the hot topics in the market and stated that Futu has successfully upgraded its virtual license for compliant operation. In July 2024, Futu Securities, a subsidiary of Futu Group, has upgraded its license number one and can provide virtual asset trading services to Hong Kong investors, including retail investors. In August 2024, Futu Securities officially licensed and provided qualified individual investors in Hong Kong with four spot trading pairs including Bitcoin, Ethereum, USD, and HKD, gradually expanding to more trading pairs including LINK and AVAX, as well as more functions such as deposit and withdrawal of coins. In January 2025, Panthertrade, a subsidiary of Futu Group, officially obtained the Virtual Asset Trading Platform License (VATP) issued by the Hong Kong Securities and Futures Commission, marking another important progress in the compliant operation of the group in the cryptocurrency field. According to the regulatory requirements of the Hong Kong Securities and Futures Commission, the formal operation of virtual asset trading platform licenses needs to be completed in stages. At present, Cheetah Trading is actively cooperating with the China Securities Regulatory Commission in the second phase of the evaluation work, including the evaluation of policies, procedures, systems, and monitoring measures. After the evaluation is completed, it can officially expand its business to the outside world. That is to say, the two Hong Kong licensed entities under Futu Group, Futu Securities International (Hong Kong) Limited and Cheetah Trading (Hong Kong) Limited, have respectively obtained license upgrade and virtual asset trading platform license (VATP). Two licenses can create a more closed-loop and competitive ecosystem.