Metapha, a Hong Kong asset management company, announced that it has been granted a Type 1 regulated management activity on the basis of its existing license by the Securities and Futures Commission of Hong Kong, allowing it to provide securities and virtual asset trading services. Metalpha currently mainly provides investment products and trading capabilities to customers, and is committed to providing derivative derivatives to cryptocurrency market participants.
According to TVB News, the Hong Kong Securities and Futures Commission has approved at least three fund companies to cooperate with licensed exchanges to allow citizens to purchase spot Bitcoin and Ethereum with securities accounts. Currently, investors who want to buy virtual currencies need to open an account at a virtual currency exchange. Several fund companies announced that they have been granted a license by the Hong Kong Securities and Futures Commission to cooperate with two licensed exchanges on the market to launch virtual asset fund products, that is, citizens can directly use securities accounts to purchase spot Bitcoin and Ethereum Ethereum without opening an account at the exchange
