Industry insiders: The current license upgrade is only about distribution, not about brokers building their own cryptocurrency trading platforms.
2025/06/26 05:11ChainCatcher news, according to the Hong Kong Securities and Futures Commission, as of June 24, a total of 40 institutions have upgraded to License No. 1, which means upgrading their existing securities trading license to provide virtual asset trading services through integrated account arrangements, including 38 securities firms, 1 bank, and 1 internet company.
Industry insiders pointed out that the No. 1 license (upgrade) obtained by Chinese securities firms this time is only for distribution purposes, and the securities firms cannot build their own cryptocurrency trading platform, but instead will connect their clients to existing cryptocurrency trading platforms.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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