Futu Securities International, a major online brokerage in Hong Kong, has launched cryptocurrency trading services with fiat trading pairs, offering zero-commission crypto trading to its retail clients.
Points
- Futu Securities International launches crypto trading services with fiat pairs.
- Hong Kong investors can trade Bitcoin and Ether with HKD or USD.
- Futu offers zero-commission crypto trading and incentivizes new users with giveaways.
- The brokerage received a license upgrade from the Hong Kong Securities and Futures Commission （SFC）.
Futu Securities International, a prominent online brokerage based in Hong Kong, has expanded its services to include cryptocurrency trading, allowing retail clients to trade Bitcoin and Ether directly with Hong Kong dollars （HKD） or U.S. dollars （USD）. This move marks a significant step for Futu as it seeks to tap into the growing interest in digital assets among Hong Kong investors.
Futu’s new crypto trading services offer zero-commission trading, providing a cost-effective option for retail investors. To further incentivize new users, Futu is giving away Bitcoin, as well as shares of Alibaba and Nvidia, to those who open accounts and hold their assets for a sufficient period.
Steve Zeng, managing director of Futu Group, noted the positive market response on the first day of the crypto trading services launch. He stated, “We noticed a relatively positive market response on the first day when our crypto trading services went live.”
In order to offer these services, Futu received a license upgrade from the Hong Kong
Securities and Futures Commission （SFC）. This upgrade allows the brokerage to provide a wider range of financial services, including the trading of digital assets. Futu’s entry into the crypto market aligns with Hong Kong’s evolving regulatory landscape, which is becoming increasingly supportive of cryptocurrency trading and innovation.
By offering fiat trading pairs, Futu aims to simplify the process for investors to enter the cryptocurrency market, providing a seamless transition from traditional financial assets to digital ones. This approach is expected to attract a broad spectrum of investors, from seasoned traders to newcomers looking to diversify their portfolios.
解説
- Futu Securities International’s launch of cryptocurrency trading services with fiat pairs signifies a major milestone for the brokerage and highlights the growing acceptance of digital assets in Hong Kong’s financial markets.
- Offering zero-commission trading and incentives such as Bitcoin and shares of major companies aims to attract new users and encourage long-term investment in the platform.
- The license upgrade from the Hong Kong Securities and Futures Commission （SFC） demonstrates regulatory support and enhances Futu’s ability to offer comprehensive financial services, including digital asset trading.
- The inclusion of fiat trading pairs simplifies the entry process for investors, making it easier for them to transition from traditional assets to cryptocurrencies and diversify their investment portfolios.
- Understanding the regulatory landscape and market dynamics in Hong Kong can help investors navigate the opportunities and risks associated with cryptocurrency trading.