Many Hong Kong brokerages are offering Bitcoin trading one after another! Trade Cryptocurrencies for $100

According to Hong Kong’s Securities Times, the transition period for Hong Kong’s virtual asset trading platform licensing system officially ended on June 1. Currently, only two virtual asset trading platforms in Hong Kong, including OSL Digital Securities Co., Ltd. and Hash Blockchain Limited, have obtained licenses. There are also 11 applicants for virtual asset trading platforms who are queuing up to apply for qualifications.

However, it is worth noting that some Hong Kong securities firms have been approved to provide virtual asset trading and consulting services directly to retail investors, such as Bitcoin, Ethereum, etc.

You can trade virtual assets with just $100

It is understood that investors who want to trade virtual assets such as Bitcoin on the Hong Kong brokerage APP need to open a virtual Asset account, and there are certain steps to open a virtual asset:

• Complete the opening of a personal securities account or company securities account

• Complete the opening of a securities account After that, fill in and sign the following 4 files in electronic or paper forms: Additional Agreement for Virtual Asset Transactions, Additional Risk Disclosure Statement for Virtual Assets, Risk Tolerance Questionnaire, and Virtual Asset Knowledge and Experience Questionnaire.

Hong Kong securities firms set lower entry thresholds for virtual asset transactions. The transaction threshold starts at only US$100. Investors can directly invest in virtual asset spot trading (VA Spot Trading) through the securities firm's APP. ), virtual asset futures exchange-traded funds ("VA Futures ETF") and private equity funds ("VAfunds") related to virtual assets.

In order to attract investors to participate, some Hong Kong securities companies are launching a series of preferential activities, such as a three-month commission-free discount for virtual asset accounts. A Hong Kong securities firm revealed at the end of May that virtual asset-related income could remain at a level of one-quarter or even one-third of the company's total revenue. This is mainly because the brokerage has the advantage of entering the market early. The investment in the virtual asset business of the brokerage has roughly paid back and has now realized profits.

It is understood that Hong Kong securities companies have launched virtual currency trading services, which can mainly attract two types of customers. The first is that after investors in the currency circle make money by speculating in currencies, they also need to make other allocations for their profits, such as buying stocks, etc. The second type is traditional investors of securities firms. When Hong Kong stocks are down, they will also try to invest in virtual currencies.

Many Hong Kong brokerages have successively provided Bitcoin transactions

On May 6 this year, Tiger Brokers (Hong Kong) announced the official launch of virtual asset trading services, supporting 18 coins such as Bitcoin and Ethereum. , becoming the first online securities firm in Hong Kong to support both securities and virtual asset transactions through a single platform.

Tiger Brokers’ virtual asset trading services are currently only open to professional investors. Qualified users can use Tiger Brokers’ flagship platform TigerTrade to trade 18 virtual assets such as Bitcoin and Ethereum in one stop, as well as For global assets such as stocks, options, futures, U.S. Treasury bonds, and funds, there is no need to open and manage multiple accounts at different brokerages and platforms.

On November 24 last year, Hong Kong Victory Securities stated that it became the first licensed corporation in Hong Kong to be approved by the Securities Regulatory Commission to provide virtual asset trading and consulting services to retail investors. Victory Securities then launched in June this year Announced on March 12 that its APP can provide deposit and withdrawal functions for virtual currencies, further expanding the brokerage’s service scope and user experience in the virtual currency market.

Victory Securities also announced that in the future, it will launch a "buying stocks and coins, just as easy" solution. Customers can enjoy the integrated experience of virtual assets and securities services through its unique trading platform. Also on November 24 last year, Hong Kong Interactive Brokers also obtained a virtual asset trading license for retail customers in Hong Kong, allowing trading of Bitcoin and Ethereum.

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