PANews reported on May 24 that according to Dongwang, Hong Kong brokerage Victory Securities (08540) announced the launch of the "Crypto In and Out" feature on its stock and cryptocurrency trading app VictoryX. This feature facilitates investors in depositing or withdrawing cryptocurrencies, especially for subscribing to cryptocurrency spot exchange-traded funds (ETFs). Executive Director Chan Pui Chuen stated that the new feature provides investors with a more flexible way to trade virtual assets, and the app's design and user experience are expected to be further improved. Currently, the "Crypto In and Out" feature is limited to Bitcoin and Ethereum, with plans to support stablecoin deposits and withdrawals in the future.

Last year, Victory Securities obtained licenses related to virtual asset businesses, including Type 1 (virtual asset trading), Type 4 (virtual asset advisory services), and Type 9 (virtual asset management services). It also supports the spot settlement of virtual asset spot ETFs.