Hong Kong Grants License To Bullish, Expanding Virtual Asset Trading Platforms

According to Odaily, the Hong Kong Securities and Futures Commission (SFC) has granted a new license to the virtual asset trading platform Bullish, increasing the number of licensed platforms in Hong Kong to ten. Bullish's Senior Vice President and Global Head of Sales, Liu Dehao, highlighted Hong Kong as a crucial business hub, with over 100 employees currently based there. The company aims to focus on institutional business following the license approval. Currently, there are eight platforms on the list of applicants for virtual asset trading licenses. SFC's Executive Director of the Intermediaries Division, Ye Zhiheng, recently noted that the market is gaining a clearer understanding of the SFC's licensing standards. While more licenses are expected to be issued, approval will depend on whether applicants meet the necessary requirements.