Futu Securities Gets SFC Approval to Launch Virtual Asset Trading Financing for Qualified Clients in Hong Kong

According to Aastocks, Futu Securities received approval from the Hong Kong Securities and Futures Commission today to upgrade its Type 1 (Securities Trading) license and launch virtual asset trading financing services to qualified clients. Under the new service, collateral must be traditional securities. Existing credit lines obtained through traditional margin financing are now permitted to be used for cryptocurrency trading, whereas previously such lines were restricted to securities transactions.
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