Hong Kong SFC Approves EX.IO for Virtual Asset OTC Trading

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The Hong Kong SFC has authorized EX.IO to offer OTC trading for virtual assets to eligible investors. This approval signifies a growing acceptance of digital currencies, likely boosting market participation and investment opportunities.

According to ChainCatcher, the Hong Kong Securities and Futures Commission (SFC) has granted approval to the licensed virtual asset trading platform EX.IO to conduct over-the-counter (OTC) trading of virtual assets. This service is currently available only to eligible investors. The initial batch of supported cryptocurrencies includes BTC, ETH, USDT, USDC, and USDTTRC20, along with fiat currencies such as the U.S. dollar and Hong Kong dollar.