Futu General Manager Zeng Yuchao: Two of its platforms have obtained virtual asset licenses to lay out the Web3 ecosystem

Zeng Yuchao, Managing Director of Futu Group, stated that its subsidiary Futu Securities successfully completed the upgrade of its Hong Kong No.1 license in July 2024, and can provide cryptocurrency trading services to retail investors in Hong Kong. Starting from August, trading pairs such as BTC and ETH will be launched; In January 2025, its subsidiary Panthertrade obtained a Virtual Asset Trading Platform (VATP) license from the Hong Kong Securities and Futures Commission and is currently undergoing the second phase of regulatory evaluation. Futu builds a compliant closed-loop ecosystem and promotes the development of diversified asset trading platforms through dual layout of license plate and VATP.