Futu Holdings announced that its licensed virtual asset exchange, Cheetah Exchange, has officially commenced operations.

Futu Holdings announced that its wholly-owned virtual asset trading platform, Cheetah Exchange (Hong Kong) Limited, has obtained full licensing and will soon be fully integrated with its Hong Kong retail brokerage, Futu Securities, providing virtual asset trading matching, asset custody, and technical solutions support. Cheetah Exchange is Hong Kong's first licensed and compliant virtual asset trading platform incubated by a brokerage firm. Its deep integration with Futu Securities will create Hong Kong's first comprehensive financial services platform simultaneously licensed for securities brokerage and virtual asset trading. Furthermore, under regulatory guidance, Futu plans to study incorporating virtual asset holdings into a unified purchasing power calculation system and launch cross-asset margin trading, enabling cross-asset flow and leverage of funds between traditional finance and the crypto market. Zeng Yuchao, Managing Director of Futu Group, stated that with the deep integration of its self-built compliant virtual asset exchange, Futu is accelerating its role as a bridge connecting traditional finance and virtual assets, adhering to compliance and security standards, and continuously promoting the synergistic development of traditional finance and virtual assets.