ChainCatcher news, Hong Kong Yao Cai Securities Executive Director and CEO Xu Yibin stated that there is still uncertainty regarding the custody of virtual assets in the United States, as the current virtual asset custodians are not licensed by the same major government official agency.He emphasized that he is not being pessimistic, as Yao Cai also needs to ensure the safety of client assets, and mentioned that if there are recognized official institutions such as exchanges handling related custody, they would consider development (Note: Currently, two cryptocurrency exchanges have been licensed by the Securities and Futures Commission, and the regulatory rules have clear requirements for asset custody, but it has been pointed out that the trading volume of these two exchanges is not as active as major overseas platforms).

ChainCatcher news, Futu Hong Kong has officially launched virtual currency trading services regulated by the Hong Kong Securities and Futures Commission today. The investment threshold for customers is HKD 80 or USD 10, including four spot trading pairs: BTC, ETH, and USD, HKD, allowing direct purchase of virtual currencies using HKD and USD at real-time exchange rates.In addition, Futu also offers spot ETF trading for Hong Kong and US stocks, futures ETF trading for Hong Kong and US stocks, as well as related investment categories such as blockchain concept stocks.