In a remarkable development in the cryptocurrency sector, Hong Kong-based brokerage firm Success Securities has reported a significant milestone, achieving a monthly average turnover of $10 million in virtual asset trading. Executive Director Chen Peiquan highlighted the profitability of their virtual asset business and anticipates a multiple growth rate in client numbers next year. The firm’s focus has been primarily on Bitcoin, which constitutes about 80% of its virtual asset investments. Looking ahead, Success Securities aims to merge its stock and virtual asset platforms, offering a unified trading solution for investors. The impending Bitcoin halving event, coupled with potential policy changes by the US Federal Reserve, is expected to trigger another bull market in virtual assets, according to Chen.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.