Futu Holdings announced the official opening of its licensed virtual asset exchange "Cheetah Exchange"

Futu Holdings announced that its wholly-owned and self-built virtual asset trading platform Liebao Trading (Hong Kong) Co., Ltd. has been fully licensed to display the industry and will be fully connected to its Hong Kong retail brokerage Futu Securities in the near future to provide transaction matchmaking, asset custody and technical solution support for virtual assets.<br /> Cheetah Exchange is Hong Kong's first virtual asset trading platform incubated by a brokerage department and operated in a licensed and compliant manner. Its deep integration with Futu Securities will build Hong Kong's first comprehensive operating securities brokerage and virtual asset exchange at the same time. Financial service platform.<br /> In addition, under regulatory guidance, Futu plans to study the inclusion of virtual asset positions into a unified purchasing power calculation system and launch cross-asset margin trading to realize cross-asset flow and leveraged use of funds between traditional financial and crypto markets.<br /> Zeng Yuchao, managing director of Futu Group, said that with the deep integration of its self-built compliant virtual asset exchange, Futu is accelerating to become a bridge connecting traditional finance and virtual assets. It will adhere to compliance and security standards and continue to promote traditional finance. Coordinated development of virtual assets.