Hong Kong Crypto Stocks Surge on Positive Regulatory News
2025-07-08 16:21:50
Main Idea
Hong Kong crypto-related stocks experienced significant gains following positive regulatory developments in the region.
Key Points
1. Shares of brokerage firm Guotai Junan International rose 28%.
2. Licensed crypto exchange OSL's shares appreciated by 8%.
3. Dmall Inc. and Victory Securities saw share price increases of 10% and 33%, respectively.
4. The regulatory environment in Hong Kong was described as 'very progressive' by IDA co-founder Sean Lee.
5. The positive market reaction highlights investor confidence in Hong Kong's crypto-friendly policies.
Description
Shares of cryptocurrency companies in Hong Kong posted gains amid investor optimism. Market participants are expecting the launch of a licensing system for issuers of stablecoins. Shares of brokerage firm Guotai Junan International rose 28%, according to Yahoo Finance. Shares of licensed crypto exchange OSL appreciated by 8%, while Dmall Inc. and Victory Securities rose 10% and 33%, respectively. The rise in quotations is attributed to the companies' recent successes. Guotai Junan and Victory Se...
Latest News
- XRP Dances Sideways While Futures Open Interest Surges to Multi-Month High2025-07-08 19:14:41
- Grok Post-"Improvements": More Politicized and Provocative Remarks2025-07-08 19:13:41
- From Bricks to Bitcoin: Murano’s $500M Treasury Play2025-07-08 16:25:47
- Hong Kong Crypto Stocks Surge on Positive Regulatory News2025-07-08 16:21:50
- MiCA Clears 53 Crypto Firms—Binance & Tether Still Waiting2025-07-08 13:57:26