Guotai Junan International has officially launched cryptocurrency trading services following approval from Hong Kong’s Securities and Futures Commission. The platform supports major cryptocurrencies, signaling a substantial move towards institutional support in the region.
The announcement led to an over 80% increase in Guotai Junan’s stock price, reflecting positive market sentiment. Intraday trading saw the price peak at over 100%, indicating a surge in investor confidence and interest.
The firm aims to broaden its digital asset services by offering advisory solutions, aligning with Hong Kong’s goal to position itself as a pivotal hub for virtual assets. This evolving regulatory landscape is poised to enhance institutional adoption of digital currencies.
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