Hong Kong financial institutions accelerate entry into virtual asset trading

According to a report from China Fund News on June 14th, it is understood that since the beginning of this year, in addition to the strong "fundraising" of Bitcoin ETF funds in Hong Kong, some Hong Kong securities firms, including Victory Securities, Tiger Securities, and Huaying Securities, have also started to provide trading services for virtual assets such as Bitcoin.According to reports, Victor Securities Executive Director Chen Peiquan disclosed data in January this year showing that since the company launched virtual asset trading services, the average monthly turnover has reached $10 million, and its virtual asset business has been profitable. Chen Peiquan also stated that currently, investors mainly invest in Bitcoin, accounting for about 80% of its overall virtual asset investment.