Futu Securities International, Hong Kong’s largest online broker with 21.64 million users, has launched retail cryptocurrency trading. Hong Kong residents can now trade bitcoin and ether in either Hong Kong or U.S. dollars directly through Futu’s platform. “We are actively working on expanding our crypto offerings in the near future,” the company said. Last month, Futu’s securities license was upgraded by Hong Kong’s Securities and Futures Commission (SFC), allowing it to provide virtual asset dealing services to both retail and professional clients. This move supports Hong Kong’s goal of becoming a hub for virtual asset businesses, backed by a new licensing regime for cryptocurrency exchanges. Despite challenges in Hong Kong’s crypto market, such as the exit of major platforms and low trading volumes for crypto ETFs, Futu is attracting investors with incentives like commission-free trading and rewards in bitcoin and high-value shares.
Hong Kong’s Largest Online Broker Launches Retail Crypto Trading for 22 Million Users
This article was published more than a year ago. Some information may no longer be current.
WRITTEN BY
SHARE
