Victory Securities ("Victory") announced the launch of VictoryX, Hong Kong's first cryptocurrency trading application, which is the first licensed financial institution in Hong Kong that can allocate stocks and cryptocurrencies at the same time through one single application, and at the same time, it also announced that it is again the "first brokerage firm in Hong Kong" to be approved by the Securities and Futures Commission ("SFC") to provide inbound and outbound trading of cryptocurrencies.
At the end of last year, VictoryX was approved by the Securities and Futures Commission (SFC) to provide virtual asset trading and consulting services to retail investors. Now, retail investors can freely trade investment products in various markets, including virtual assets, Hong Kong stocks and U.S. stocks, etc., and trade cryptocurrencies through one platform, VictoryX, which is expected to allow customers to enter and exit currencies through the APP in a short period of time, thus realizing a comprehensive allocation of both traditional financial services and Web 3.0 virtual assets. Customers are also expected to be able to buy and sell cryptocurrencies in the APP within a short period of time, realizing a comprehensive allocation of traditional financial and Web3.0 virtual assets.
This is a press release, written and provided by Victory Securities, and does not represent the position of Monsterblockhk.
Victory Securities participated in the Web3 Festival from April 6 to 9, and was the first licensed corporation that can trade stocks and currencies at the same time, and the only brokerage firm that can connect to multiple exchanges. Clients were invited to try out the APP on-site and the response was overwhelming, with over 1,000 account opening enquiries received. Victory Securities held another APP launch party on April 10th, announcing the official launch of the stock and currency trading APP VictoryX. At the same time, Victory Securities also took another step forward by announcing that it has been approved by the Securities and Futures Commission to allow the deposit and withdrawal of virtual assets, making it the first and the only broker in Hong Kong to allow the deposit and withdrawal of currency.
Victory Securities is the only broker in Web3 Festival that can connect to multiple licensed exchanges, providing secure deposit/withdrawal and one-APP trading of stock virtual assets, which has received an unprecedented number of enquiries and overwhelming response.
VictoryX is designed to address the pain points of traditional financial investors by solving the problem of complicated operations faced by newcomers to the cryptocurrency market in the past. Instead of having to find a brokerage store, they can directly open an account and deposit funds for trading, which is a one-stop process that can be accomplished online, and at the same time, their assets can be safeguarded. Victory has also teamed up with a leading international cryptocurrency information platform to provide investors with the latest news on the cryptocurrency market, solving the problem of confusing information in the market in the past. The launch of the mobile trading application combining stocks and virtual assets is a small step for Victory Securities to enter the virtual assets market. In the future, Victory will continue to improve its functions and strive to provide diversified investment products with fintech combined with Web 3.0.
A number of well-known financial celebrities and Web3 KOLs showed up to witness the new milestone of promoting the new financial industry in Hong Kong ((From left: Mr. Mok Ho Nam, Mr. Man Kam Fai, Mr. Chan Pui Chuen, Ms. Wu Mang Ching, Mr. Tang Sing Hing).
Mr. Chan Pui Chuen, Executive Director of Victory Securities, said at the app launch party, "In recent years, investors' demand for trading platforms has been on the rise, so Victory Securities has invested tens of millions of dollars to create a market-exclusive stock currency trading app, which, together with the approval from the Securities and Futures Commission to allow currency in and currency out, is expected to be an even greater success for Victory Securities in the field of virtual assets. The successful development of the App by our in-house R&D team is not only a big step forward for Victory Securities in financial technology, but also signifies that the veteran Chinese brokerage firm has the courage to innovate in the midst of adversity, and is heading towards the goal of becoming the most influential virtual asset brokerage firm in Hong Kong and even in the Asia Pacific Region."
Victory Securities is now actively developing virtual asset-related investment products and technology packages, such as the BTC Cycle Fund launched earlier and the ETF and quantitative trading system planned to be launched, which are targeted at different levels of investors. Victory Fintech Limited (VDX), a company in which Victory has a stake, has also taken the lead in forming a team in 2020, specializing in the development of digital currency trading systems, with a view to developing a comprehensive ecological layout for the Web3 industry from retail investors, professional investors and enterprises.
How to download VictoryX?
Android. https://play.google.com/store/apps/details?id=com.victorysec.va.securities
iOS. https://apps.apple.com/hk/app/%E5%8B%9D%E5%88%A9%E9%80%9A/id6473008750
About Victory Securities
Rooted in Hong Kong for more than 50 years, Victory Securities (Stock Code: 8540.HK) is a fully licensed brokerage house for comprehensive financial services with Type 1 (dealing in securities), Type 2 (dealing in futures contracts), Type 4 (advising on securities), Type 6 (advising on corporate finance) and Type 9 (providing asset management) regulated activities. Investors can enjoy the comprehensive financial services provided by Victory Securities, including Hong Kong and global securities trading, primary and secondary market securities financing, corporate finance (capital markets and bond capital markets), wealth management, etc. In 2023, Victory Securities became the first licensed corporation in Hong Kong to be granted by the SFC with licenses for virtual asset trading, advisory and asset management services at the same time.
