On February 19, the Hong Kong Securities Supervision Commission approved another virtual asset trading platform license, the latest being the virtual asset trading platform Bullish, which increased the number of licensed virtual asset trading platforms in Hong Kong to 10. Andy Lau, senior vice president and head of global sales at Bullish, said in an interview with the Financial Times earlier that Hong Kong is an important business location, with more than 100 employees currently in Hong Kong, hoping to focus on institutional business after obtaining a license. It is worth noting that Bullish has earlier acquired CoinDesk, a comprehensive media, events and index platform. At present, there are eight platforms on the list of applicants for virtual asset trading platforms. Ye Zhiheng, executive director of the Intermediary Department of the Securities Supervision Commission, said recently that the market has become clearer and clearer about the licensing standards of the Securities Supervision Commission, and new licenses will be approved, but whether all applicants obtain licenses depends on whether they meet the requirements.