According to ChainCatcher, Hong Kong brokerage Victory Securities announced that its stock and cryptocurrency trading app VictoryX has launched a "coin in and coin out" function to facilitate investors to top up or withdraw cryptocurrencies, especially to subscribe to cryptocurrency spot exchange-traded funds (ETFs). Executive director Chen Peiquan said that the new function provides investors with a more flexible way to trade virtual assets, and it is expected to continue to improve the application design and user experience.
Currently, the "coin in and coin out" function is limited to Bitcoin and Ethereum, and will support stablecoin deposits and withdrawals in the future. Shengli Securities obtained relevant licenses for virtual asset business last year, including No. 1 (virtual asset trading), No. 4 (virtual asset consulting services) and No. 9 (virtual asset management services), and also supports spot delivery of virtual asset spot ETFs.
