Futu Holdings announces that its licensed virtual asset exchange "Cheetah Exchange" has officially commenced operations

Futu Holdings announced that its wholly-owned self-built virtual asset trading platform, Cheetah Trading (Hong Kong) Limited, has fully obtained a license to operate and will soon be fully connected with its Hong Kong retail brokerage, Futu Securities, to provide trading matching, asset custody, and technical solution support for virtual assets.

Cheetah Exchange is Hong Kong's first licensed and compliant virtual asset trading platform incubated by a brokerage, and its deep integration with Futu Securities will establish Hong Kong's first comprehensive financial service platform that operates both securities brokerage and virtual asset trading under a license.

In addition, Futu plans to study the inclusion of virtual asset holdings into a unified purchasing power calculation system under regulatory guidance, launching cross-asset margin trading to achieve the flow and leverage of funds between traditional finance and the crypto market.

Futu Group's Managing Director, Zeng Yuchao, stated that with the deep integration of the self-built compliant virtual asset exchange, Futu is accelerating its role as a bridge connecting traditional finance and virtual assets, adhering to compliance and safety standards, and continuously promoting the coordinated development of traditional finance and virtual assets.