Summary:
- New Crypto Services: Futu Securities International, Hong Kong’s largest online broker, has introduced crypto trading for retail investors, offering Bitcoin and Ethereum transactions.
- Platform Details: Clients can trade using Hong Kong or U.S. dollars, with services available following an upgrade in Futu’s securities license from the Securities and Futures Commission.
- Incentives: As a promotional strategy, Futu is offering shares in Alibaba or Nvidia to customers who engage in crypto trading. Additionally, the company is eliminating commission fees on these transactions.
Futu Securities International has taken a significant step in expanding its services by launching crypto trading, targeting retail investors in Hong Kong. This move makes Futu the first online broker in the region to offer such services, aligning with Hong Kong’s vision to become a global crypto hub.
As per a South China Morning Post report, Futu now allows its clients to trade major cryptocurrencies like Bitcoin and Ethereum directly on its platform. Clients can use either Hong Kong or U.S. dollars for transactions. This new offering comes on the heels of Futu’s recent securities license upgrade from the Securities and Futures Commission, which now permits the firm to provide crypto-related services to both professional and retail clients.
To attract retail investors, Futu Securities is offering enticing incentives. Customers who engage in crypto trading can receive shares in prominent companies such as Alibaba and Nvidia. Furthermore, the platform is waiving commission fees on all crypto transactions, making it an attractive option for potential users looking to enter the cryptocurrency market. This strategic move by Futu not only broadens its service offerings but also supports Hong Kong’s growing ambitions in the digital asset space.
Disclaimer:
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