- Guotai Junan and Victory Securities gain approval for crypto services in Hong Kong
- Immediate stock surge highlights investor optimism
- Increased trading volumes reflect market interest
Guotai Junan International and Victory Securities have received approval to offer regulated cryptocurrency trading services in Hong Kong as of June 2025. Stocks for both companies surged following the announcement.
These approvals are significant as they mark a major step for regulated crypto trading through traditional Hong Kong financial institutions, potentially encouraging similar initiatives globally. Market reactions indicate robust investor interest.
Hong Kong Brokerages See 20%+ Stock Surges After Crypto Approval
Hong Kong-based brokerages Guotai Junan International and Victory Securities are now authorized to offer cryptocurrency trading services after gaining regulatory clearance. The news led to notable market effects, including Guotai Junan International’s stock rising more than 27.7%.
Victory Securities experienced a similar boost, reinforcing market confidence in digital asset exposure through conventional finance channels. Shares initially rose by 22.4%, later stabilizing with a 13.7% increase, showcasing positive investor sentiment.
“Expanding our service offerings to include cryptocurrency trading aligns with our commitment to innovation and meeting client demand.” — Victory Securities, Local Brokerage
Bitcoin Price and Market Dynamics Amid Regulatory Shifts
Did you know? Such regulatory approvals in the U.S. led to dramatic equity rallies, similar to European market responses to licensed digital finance products.
Bitcoin stands at $109,031.12, with a market cap of $2.17 trillion and a 24-hour trading volume of $49 billion. CoinMarketCap reports a 1.55% increase over the past 7 days, reflecting growing market interest amid regulatory changes.
Coincu research indicates that these developments are pivotal, as regulatory acceptance can lead to enhanced financial innovation and increased market participation, setting viable precedents for other regions exploring similar frameworks.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/346746-hong-kong-crypto-trading-approval/