Futu Securities Launches Zero-Fee Bitcoin and Ethereum Trading in Hong Kong
Futu Securities International, Hong Kong’s largest online brokerage, has made a significant move by launching retail cryptocurrency trading in Hong Kong. This development marks a new chapter in the financial services industry in the region.
The partnership with HashKey Exchange, one of the two licensed cryptocurrency exchanges in Hong Kong, has enabled residents to trade Bitcoin and Ethereum on Futu’s platform. This strategic alliance is aimed at providing users with a seamless and secure trading experience.
Bonuses and Waived Cryptocurrency Trading Fees
To incentivize new users, Futu Securities is offering attractive bonuses to those who deposit funds into their accounts. Account holders who deposit HK$10,000 for 60 days can receive HK$600 worth of Bitcoin, a HK$400 supermarket gift certificate, or shares in Alibaba.
Furthermore, users who deposit HK$80,000 are eligible to receive HK$1,000 in Bitcoin or Nvidia shares. This bonus scheme aims to attract investors and encourage them to participate in the cryptocurrency market.
Futu’s Quest for a Cryptocurrency Trading License
While Futu Securities has launched its cryptocurrency trading platform, PantherTrade, it is currently operating with a “deemed licensed” status. The brokerage firm is actively seeking a full cryptocurrency trading license from the Securities and Futures Commission (SFC) in Hong Kong.
Despite the challenges in the cryptocurrency industry in Hong Kong, Futu remains focused on expanding its services and gaining regulatory approval to ensure compliance and security for its users.
In conclusion, Futu Securities’ foray into the cryptocurrency market in Hong Kong signifies a major step towards financial innovation in the region. By offering zero-fee trading, attractive bonuses, and seeking regulatory approval, Futu is poised to make a significant impact in the evolving landscape of digital asset trading.
