Hong Kong Crypto Stocks Skyrocket 200% in a Day!

The post Hong Kong Crypto Stocks Skyrocket 200% in a Day! appeared first on Coinpedia Fintech News

On June 25, Hong Kong’s crypto market witnessed a sharp spike in investor confidence following key approvals from the Securities and Futures Commission (SFC). Shares of licensed digital asset platforms skyrocketed as regulatory clarity sparked renewed interest.

One of Hong Kong’s first SFC-approved digital asset trading platforms, OSL, surged 18% to HK$14.6, reaching a one-year high. The rally reflects strong investor sentiment in favor of regulated exchanges, driven by confidence in the city’s evolving crypto policy.

Guotai Junan International: 200% Price Surge

Guotai Junan International, a Chinese brokerage firm, became the first Chinese exchange in Hong Kong to receive an SFC license for virtual asset trading. The announcement triggered a staggering 200% intraday price jump, as investors reacted positively to the firm’s entry into crypto under a regulated umbrella.

HashKey Exchange Token Soars 50%

HashKey Exchange, another licensed platform, also saw its token HSK spike by 50% following its SFC license approval. The move was praised by traders who cited Hong Kong’s strong regulatory clarity, AML/KYC standards, and cybersecurity requirements as factors supporting growth.

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What Does the Hong Kong Crypto License Offer?

• Allows trading in Bitcoin (BTC), Ethereum (ETH), and stablecoins
  
• Annual licensing fees vary based on trading volume and services
  
• Application fee: Around HK$100,000
  
• Requires strict AML/KYC compliance and robust cybersecurity policies
  

Hong Kong aims to become a major crypto hub in Asia by offering a secure and regulated environment that encourages institutional and retail participation.

Final Thoughts: Regulation Sparks Bullish Momentum

After years of development, Hong Kong’s crypto licensing regime is finally driving results. The SFC’s approval of platforms like OSL, Guotai Junan, and HashKey is a signal to the global market: Hong Kong is ready for regulated crypto growth. This wave of policy-driven price surges shows how effective regulation can unlock new market opportunities.

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