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Guotai Junan International Soars Over 80% After Gaining Approval to Offer BTC and ETH Trading

Source Tradingkey

TradingKey – Guotai Junan International (01788.HK) surged more than 80% on Wednesday, June 25, after announcing it had received regulatory approval to offer cryptocurrency trading services, including Bitcoin (BTC) and Ethereum (ETH). The stock hit a 10-year high of HK$2.50 before pulling back to around HK$2.30.

Guotai-Junan-International-Stock-TradingView

Guotai Junan International Stock Chart – Source: TradingView.

According to the company’s official announcement, Hong Kong’s Securities and Futures Commission (SFC) approved Guotai Junan International’s application on June 24, allowing it to provide virtual asset trading services to clients.

Much like Robinhood (HOOD) in the U.S., Guotai Junan International is now positioned as a crypto-enabled brokerage. This isn’t its first foray into digital assets — it has previously launched a range of crypto-related offerings, including virtual asset ETFs, tokenized securities distribution, and digital bond issuance.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

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