Futu Launches Bitcoin & Crypto Services In Hong Kong

Futu Securities International, the largest online brokerage in Hong Kong, has introduced retail cryptocurrency trading services in the city.

Hong Kong’s leading online brokerage, Futu Securities International, has launched retail cryptocurrency trading services in the city. The move is part of a broader effort to attract more investors during a rising crypto bull market. The brokerage will also offer Nvidia and Alibaba shares to incentivize the latest launch.

Futu Launches Bitcoin & Crypto Services In Hong Kong

Futu announced on Thursday, Aug. 1, that its users can now trade bitcoin (BTC) and ether (ETH) directly on the brokerage’s platform. Investors can use either Hong Kong or US dollars for their trades. The new feature comes after Futu secured an upgraded securities license from the Securities and Futures Commission (SFC) last month.

The upgrade now allows Futu to offer virtual asset dealing services to both professional and retail clients in the city.

To attract new investors, Futu is offering a special incentive program.

Investors who open accounts in August and maintain a minimum balance of HK$10,000 (US$1,280) for 60 days will be eligible for the reward. They can choose to receive either bitcoin valued at HK$600, a HK$400 supermarket voucher, or a single share of Alibaba Group Holding, a major Chinese e-commerce company.

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