According to Foresight News, the Hong Kong Securities and Futures Commission (SFC) has issued a warning to the public regarding an unlicensed virtual asset trading platform named CoinUnited.io. On July 25, 2024, the SFC added CoinUnited.io and its associated websites to its list of suspicious virtual asset trading platforms.

CoinUnited.io claims to offer a variety of trading services, including cryptocurrencies, stocks, indices, forex, and commodities. The platform has also purportedly stated that it has a flagship store in Hong Kong and has been recruiting in the region. However, the SFC has clarified that CoinUnited.io has never been licensed by the commission and has never applied for any licenses.

The SFC's warning serves as a reminder to the public to exercise caution when dealing with unlicensed trading platforms, as they may pose significant risks to investors. The commission continues to monitor and take action against entities that operate without proper authorization to protect the integrity of the financial market and safeguard investor interests.