Hong Kong Approves First Broker to Buy and Sell Crypto 

Crypto

Hong Kong Approves First Broker to Buy and Sell Crypto

Guotai Junan Securities (Hong Kong), a subsidiary of Guotai Junan International, has become the first Chinese mainland brokerage in the Hong Kong Special Administrative Region to receive regulatory approval for offering virtual asset trading services.

According to the information, the milestone approval was granted by the Hong Kong Securities and Futures Commission (SFC) on Tuesday. It upgrades the firms existing Type 1 license, which allows dealing in securities, to now include the provision of crypto trading services under an omnibus account arrangement with SFC-licensed virtual asset platforms.

This regulatory green light enables Guotai Junan Securities‘ clients to trade leading digital assets such as Bitcoin, Ethereum, and stablecoins via the firm’s platform. It marks a significant step in Hong Kongs efforts to expand institutional access to regulated crypto markets and further positions the city as a gateway for digital asset adoption in Asia.

The move also signals growing alignment between mainland Chinese financial institutions and Hong Kongs evolving digital finance framework.