Multiple Hong Kong Securities Firms Apps Now Offer Bitcoin Trading with Additional Risk Disclosure Requirements

Hong Kong brokerages are currently setting up services for trading virtual assets such as Bitcoin. Victory Securities, Tiger Securities, Interactive Brokers and other brokerages have already launched corresponding services. Investors can now trade virtual assets such as Bitcoin on brokerage apps. Some brokerages have stated that income related to virtual assets may account for about a quarter of the company’s revenue. It is reported that investors who want to trade virtual assets such as Bitcoin on Hong Kong brokerage apps need to open a virtual asset account, complete the opening of a personal or corporate securities account, and then fill out and sign four documents: Additional Agreement for Virtual Asset Trading, Additional Risk Disclosure Statement for Virtual Assets, Risk Tolerance Questionnaire, and Virtual Asset Knowledge and Experience Questionnaire.