Futu’s “Cheetah Exchange” under its umbrella has officially opened across the board, announcing that it will roll out “margin trading.”

Futu Holdings announced today (26) that its fully owned, self-built virtual asset trading platform—“PantherTrade (猎豹交易所)”—has officially opened for business. In the coming period, it will be fully connected with Futu Securities, the group’s Hong Kong retail brokerage, to provide Futu Securities with support such as virtual asset trade order matching, asset custody, and technical solutions.

According to an official statement, PantherTrade is the first virtual asset trading platform in Hong Kong incubated by a brokerage firm and operated in a licensed, compliant manner. It is deeply integrated into the Futu ecosystem, marking a key step forward in the group’s Web3 strategic rollout, and will build a comprehensive financial services platform in Hong Kong—also in Asia—as the first to operate in a licensed manner both “securities brokerage + virtual asset exchange.”

At present, Futu Securities clients can use the “Futu NiuNiu” app to allocate stocks and on-chain products in one place, enjoying a seamless, efficient cross-asset investing experience.

The statement said PantherTrade will help Futu Securities optimize its private wealth management framework, providing high-net-worth clients with more in-depth, customized virtual asset services, including but not limited to OTC large-amount trades and customized virtual asset products.

In addition, Futu will provide issuers of virtual asset ETFs with an end-to-end, full-chain solution covering everything from the initial public offering (IOP), “on-chain + off-chain” trading, traditional and virtual asset custody, to staking. It covers every stage of the product lifecycle, enabling seamless process handoffs and synergy effects to improve issuance and circulation efficiency.

PantherTrade is in close communication with regulatory authorities. In the future, it will launch the world’s first compliant secondary-market 24×7 trading of tokenized money market funds. It is also exploring products such as perpetual contracts for professional investors.

On the other hand, Futu Securities also previewed that it will roll out virtual asset services for securities financing (margin and leverage) trading, allowing clients to pledge purchasing power in securities and funds to obtain virtual asset financing and conduct virtual asset trading. This means investors do not need to adjust their existing holdings in order to flexibly increase their investment exposure to the virtual asset market.

Futu Group’s Executive Director and General Manager Zeng Yuchao said: “With the deep integration of a self-built compliant virtual asset trading platform, Futu is accelerating its role in becoming a key bridge connecting traditional finance and virtual assets. We are opening up a new era of cross-asset categories and seamless allocation for investors, while also helping Hong Kong solidify its position as an Asia Web3 and digital asset hub.”