Hong Kong brokerage app requires investors to sign an additional risk disclosure statement and three other documents for Bitcoin trading services, with a trading threshold starting at 100 USD

2024-06-14 13:58:45

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ChainCatcher news, according to the Securities Times, some Hong Kong brokerages are planning to provide trading services for virtual assets such as Bitcoin, allowing investors to trade Bitcoin and other virtual assets directly through the brokerage app. Some brokerages have indicated that revenue related to virtual assets could account for about a quarter of the company's total revenue.

It is reported that investors need to open a virtual asset account on the brokerage app to trade Bitcoin and other virtual assets. After completing this, they must fill out and sign four documents in electronic or paper form: the Additional Agreement for Virtual Asset Trading, the Additional Risk Disclosure Statement for Virtual Assets, the Risk Tolerance Questionnaire, and the Knowledge and Experience Questionnaire for Virtual Assets. Brokerages have set a relatively low entry threshold for trading virtual assets, with a minimum trading threshold starting at $100.

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