Since introducing the service, Success Securities, a brokerage firm based in Hong Kong, has recorded an average monthly turnover of $10 million in virtual asset trading. Chen Peiquan, the executive director of the company, disclosed that the virtual asset business has turned a profit and that the number of linked clients would continue to increase at a multiple pace in the upcoming year.
As of the now, over 80% of all investments in virtual assets are made in Bitcoin, according to Chen Peiquan. In order to give investors a single platform to trade virtual assets, he also revealed that Success Securities intends to combine its stock and virtual asset platforms the next year. Chen thinks there will be another easing cycle by the US Federal Reserve and the impending halving of Bitcoin, which would cause virtual assets to another bull market
