Connecting traditional finance and virtual assets
As more and more mainstream financial institutions have begun to invest in the cryptocurrency market in recent years, many investors who are interested in cryptocurrency can buy and sell cryptocurrencies through safe and compliant channels. Before starting a cryptocurrency investment or trading journey, users need to understand the characteristics of different products, the advantages of different platforms, and current regulations to protect the safety of their assets.
How to buy and sell cryptocurrencies in Hong Kong?
With the virtual asset trading platform licensing system officially taking effect on June 1, 2024, unlicensed trading platforms will not be able to continue operating in Hong Kong, and Hong Kong's supervision of virtual assets will become more and more perfect. However, in the past, in the Web3.0 world, customers were accustomed to investing through exchanges. However, Hong Kong has a mature financial market system. In addition to trading through exchanges, customers can also buy and sell cryptocurrencies provided by licensed exchanges through the trading systems of brokers that have upgraded their Type 1 licenses ("virtual asset brokers").
Advantages of Trading Cryptocurrencies with a Broker
As more and more mainstream financial institutions have begun to invest in the cryptocurrency market in recent years, many investors who are interested in cryptocurrency can buy and sell cryptocurrencies through safe and compliant channels. Before starting a cryptocurrency investment or trading journey, users need to understand the characteristics of different products, the advantages of different platforms, and current regulations to protect the safety of their assets.
Exchange Selection
Shengli Securities currently has direct links with two licensed virtual asset exchanges. As more exchanges obtain VASP licenses in the future, users will have more choices of different exchanges. Users can easily switch on the brokerage platform according to their personal experience.
Better price advantage
Customers can compare execution prices and transaction costs on brokerage platforms and choose a virtual asset exchange with a better experience to gain more trading advantages.
More product options
In addition to not being limited to buying and selling cryptocurrencies, related securities products can also be bought and sold, such as: cryptocurrency spot ETF, cryptocurrency futures ETF. Yu Shengli Securities can also trade in the primary market of cryptocurrency spot ETF.
Flexible asset utilization
In addition to virtual assets, customers can also trade global stocks at Shengxing Securities. Regardless of the market conditions, customers can allocate assets and effectively diversify risks.
Ways to invest in cryptocurrencies
There are many virtual asset-related investment products available in the market. Investors should be aware that the trading characteristics, trading channels, account opening requirements and investor qualifications of these products vary.
product
Trading channels
Cryptocurrency (spot trading)
VA Brokerage/Exchange
Hong Kong Cryptocurrency Spot ETFs
General Brokerage/VA Brokerage
Hong Kong Cryptocurrency Spot ETFs/Futures ETFs
General Brokerage/VA Brokerage
US Cryptocurrency Spot ETFs
VA Broker
US Cryptocurrency Futures ETFs/Futures ETFs
VA Broker