Futu Holdings' Leopard Exchange Gets Licensed and Opens for Business, Will Fully Integrate with Futu Securities

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Golden Finance reports that on March 26, Futu Holdings announced that its wholly owned, self-built virtual asset trading platform—Cheetah Exchange (Hong Kong) Limited (hereinafter referred to as “Cheetah Exchange”)—has fully obtained licensing to operate. Recently, it will connect comprehensively with the group’s Hong Kong retail broker Futu Securities, providing support for core virtual asset trading matching, asset custody, and technical solutions. With the deep integration of Cheetah Exchange and Futu Securities, the group will fully launch dual-compliance services for traditional finance and Web3 within a licensed and compliant framework. It is understood that Cheetah Exchange is the first virtual asset trading platform in Hong Kong incubated and licensed by a brokerage firm.

Additionally, Futu plans to study incorporating virtual asset holdings into a unified purchasing power calculation system under regulatory guidance, further improving overall fund operation efficiency. This move aims to create a more flexible and efficient cross-asset margin trading experience for users, enabling seamless cross-asset flow and leverage use between traditional finance and the crypto market.

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