Subsidiary of Hong Kong-listed JETCO applies for license upgrade to offer virtual asset trading and related services
According to Jinse Finance, as reported by Zhitong Finance, TradeGo FinTech (08017.HK) recently announced that its wholly-owned subsidiary, TradeGo Markets Limited, has decided to submit an application to the Hong Kong Securities and Futures Commission to upgrade its existing Type 1 (dealing in securities) regulated activity license. This upgrade aims to enable the provision of virtual asset trading and related services through the arrangement of opening omnibus accounts on SFC-licensed platforms. TradeGo Markets has already initiated discussions with the SFC regarding its application intentions.
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.
You may also like
Jefferies raises Tesla's target price to $400
Goldman Sachs (GS.US) stock plunges 22% into bear market, financial report becomes the key to a breakthrough
Goldman Sachs' market value evaporated by several billions, with its share price down more than 22% from the year's high. Despite Q3 revenue exceeding expectations, a 41% drop in M&A activity and a slowdown in IPOs have dampened market sentiment. Analysts project a 12% revenue increase in Q4, but technical indicators suggest there is further downside risk to $783. Rumors about management transitions have also drawn attention.
Delivery soared by 85% but failed to prevent the death cross; Rivian (RIVN.US) dilution risk sparks panic
Despite the R2 model driving an 85% year-on-year increase in deliveries, Rivian's stock price continues to decline due to technical death cross, high short interest, and risks of equity dilution, facing a severe market test.
Crypto prices
More
