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

Odaily Planet Daily News: Futu Holdings announced that its wholly owned virtual asset trading platform, Leopard Trading (Hong Kong) Limited, has fully obtained licensing to operate. It will soon connect with its Hong Kong retail broker Futu Securities to provide virtual asset trading matching, asset custody, and technical support. Leopard Exchange is Hong Kong’s first virtual asset trading platform incubated and licensed by a brokerage firm. Its deep integration with Futu Securities will create Hong Kong’s first comprehensive financial service platform that is licensed to operate both securities brokerage and virtual asset trading.

In addition, under regulatory guidance, Futu plans to explore incorporating virtual asset holdings into a unified purchasing power calculation system, launching cross-asset margin trading to enable capital flow and leverage between traditional finance and crypto markets.

Zeng Yuchao, Managing Director of Futu Group, stated that with the deep integration of its compliant in-house virtual asset exchange, Futu is accelerating its role as a bridge connecting traditional finance and virtual assets. The company will adhere to compliance and security standards and continue to promote the coordinated development of traditional finance and virtual assets.