Hong Kong Virtual Asset Regulation Takes a New Step, OTC Trading Business Officially Launches

The Hong Kong Securities and Futures Commission (SFC) has not stopped its pace. Recently, the SFC approved a licensed virtual asset trading platform to launch over-the-counter (OTC) services, marking a further improvement in Hong Kong's virtual asset ecosystem.

**OTC Services Gradually Expanding, More Investor Options**

This new service currently adopts a tiered system and is only open to qualified professional investors. In terms of supported cryptocurrencies, the two main mainstream coins BTC and ETH are naturally included. For stablecoins, options include USDT, USDC, USDTTRC20, among others, with support for fiat currency deposits and withdrawals in USD, HKD, and more.

**Market Analysis: Why OTC Trading Matters**

Approval for OTC trading is no small matter. Compared to public exchange trading, OTC is typically used for large-volume transactions, institutional allocations, and privacy protection scenarios. It is a necessity for high-net-worth investors and institutions. As an Asian financial hub, Hong Kong's move further consolidates its position as a virtual asset trading hub.

From a regulatory perspective, licensed platforms conducting OTC business require stricter risk control and compliance measures, reflecting the SFC's balanced approach between innovation and risk prevention.