Investors Can Now Deposit and Withdraw USDT and USDC via VictoryX App
Hong Kong-based Victory Securities has made history as the first brokerage firm to enable stablecoin deposits and withdrawals. Through its VictoryX trading app, professional investors can now seamlessly manage USDT and USDC transactions.
Expanding Virtual Asset Services
👉 Discover cutting-edge crypto solutions with Victory Securities' latest offering:
- Pioneering Stablecoin Access: First-mover advantage in Hong Kong's regulated virtual asset market
- Existing Crypto Support: BTC and ETH deposit/withdrawal services already operational for retail investors
- Upcoming Features: "Instant Convert" function for fiat-to-stablecoin exchanges launching soon
Why Stablecoins Matter
Stablecoins like USDT and USDC maintain 1:1 parity with fiat currencies (typically USD), offering:
| Feature | Benefit |
|---------|---------|
| Price stability | Reduces volatility risks |
| Trading efficiency | Faster settlements than traditional banking |
| DeFi compatibility | Interoperability across blockchain ecosystems |
"With stablecoin integration, investors gain access to cross-exchange liquidity and diversified strategies," explains Kennix Chan, Executive Director at Victory Securities.
Regulatory Leadership
Victory Securities boasts unique qualifications in Hong Kong's virtual asset space:
- 50-year financial services heritage
- Exclusive participation in Hong Kong's VA spot ETF settlements
- Full licensing: Type 1 (Trading), Type 4 (Advisory), and Type 9 (Asset Management) for virtual assets
- Retail approval: SFC-authorized to serve non-professional investors since 2023
FAQs: Stablecoin Services Explained
Q: Who can access stablecoin deposit/withdrawal services?
A: Currently available to qualified professional investors, with retail access expected following regulatory approvals.
Q: What transaction fees apply?
A: Victory Securities maintains competitive fee structures—check the VictoryX App for real-time rates.
Q: How does this compare to traditional crypto exchanges?
👉 Experience institutional-grade security with brokerage-level compliance protections unavailable on most platforms.
Q: When will the fiat conversion feature launch?
A: The "Instant Convert" functionality is scheduled for Q3 2024, pending final regulatory review.
The Future of Virtual Asset Trading
This innovation represents a strategic evolution for Victory Securities:
- Bridges traditional finance and blockchain ecosystems
- Enables sophisticated portfolio strategies using stablecoin liquidity
- Positions Hong Kong as a leader in regulated virtual asset adoption
With its comprehensive licensing and first-mover services, Victory Securities continues redefining professional crypto asset management in Asia's financial hub.
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