According to Aastocks, Futu Securities announced that it has received approval from the Hong Kong Securities and Futures Commission for the upgrade of License No. 1 (Securities Trading) services, launching virtual asset trading financing services to qualified clients in Hong Kong. It is understood that the collateral for this service must be traditional securities. Previously, credit limits obtained through traditional securities financing (margin) could not be used for cryptocurrency trading, but this has now been relaxed to allow use for cryptocurrency trading.

As for using virtual assets directly as collateral for margin trading, although the Hong Kong Securities and Futures Commission issued a circular in February relaxing the use of virtual assets as collateral, the circular also mentioned that before the revision of capital regulations, virtual asset collateral would be subject to a 100% deduction according to the Securities and Futures (Financial Resources) Rules. It is expected that in actual operation, this will pose certain challenges to the industry's capital efficiency.