Market News / Story
Chinese fintech stocks drop during morning trading on Wednesday
Seeking Alpha ·
Seeking Alpha reports: Chinese financial technology stocks were largely trading lower on Wednesday morning. Futu was down over 5% as the unit Moomoo announced plans to bolster its digital asset offering for U.S. investors through the integration of CROSSx. CROSSx is the world's first execution-only digital asset ECN. Meanwhile, a CNBC report said Webull is found to be linked in structural ways with the Chinese government, and national security concerns around the trading platform have…