The Hong Kong Securities and Futures Commission (SFC) has added another company to its list of officially licensed crypto trading platforms, according to an announcement on Friday.
The SFC’s list of authorized virtual asset trading platforms includes Victory Fintech Company Limited, the latest of 12 virtual currency and blockchain entities listed on the Hong Kong regulator’s website. The addition of Victory marks the first time the SFC has approved a crypto trading platform in Hong Kong since June 2025.
sauce: Hong Kong SFC
Hong Kong has long been known as a particularly tough jurisdiction for cryptocurrency companies to operate, but authorities have been pursuing unlicensed virtual asset trading platforms as a criminal offense since June 2024. A number of exchanges that previously operated in Hong Kong have closed, and exchanges such as OKX and Bybit have also withdrawn their license applications.
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Hong Kong Financial Services and Treasury Secretary Christopher Hui said in January that regulators, including the SFC, will submit draft regulations for providers of crypto advisory services in 2026. More than a dozen companies are currently licensed under the SFC, but the Hong Kong Monetary Authority has not listed any licensed stablecoin issuers as of Monday.
Hong Kong allows licensed companies to engage in crypto margin lending and perpetual trading
The addition of Victory Fintech comes just days after Hong Kong’s SFC announced it would allow licensed brokers to offer crypto margin loans. Securities regulator guidance only allows Bitcoin ($BTC) and Ether (ETH) will initially qualify as collateral.
The SFC also outlined a framework for a trading platform that offers perpetual contracts to professional investors.
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