Futu Securities, a distinguished brokerage based mostly in Hong Kong, has rolled out crypto “deposit providers” for customers on its Futu NiuNiu platform.
In response to a Could 7 assertion, the launch lets buyers deposit and commerce main digital property akin to Bitcoin, Ethereum, and Tether.
Futu NiuNiu, already often called Hong Kong’s high inventory buying and selling app, affords entry to varied monetary devices akin to Hong Kong, US, and Japanese equities, ETFs, choices, money funds, and bonds. The addition of digital property marks a big step in increasing its ecosystem.
In response to the corporate, this integration allows buyers to navigate digital and conventional markets seamlessly.
Futu identified that the replace allows customers to shift between asset courses simply relying on market circumstances. This enables retail merchants to handle danger higher and reap the benefits of rising tendencies, no matter whether or not markets are rising or falling.
The corporate additionally sees this integration as a step towards closing the hole between the standard monetary system and the fast-growing crypto financial system.
Futu is operating a limited-time promotion to mark the launch, providing new customers as much as HK$1,600 in Bitcoin rewards. The corporate sees this as a part of a broader effort to draw and assist digital asset buyers looking for regulated, user-friendly platforms.
Futu’s Managing Director, Xie Zhijian, emphasised the agency’s dedication to innovation and highlighted upcoming plans to roll out withdrawal capabilities and assist for extra cryptocurrencies.
He mentioned:
“There’s a robust demand for deposit and withdrawal capabilities available in the market, however not many brokerages can do that…Following the deposit operate, the withdrawal operate and the deposit and withdrawal assist of extra mainstream currencies are additionally in Futu’s plan.”
The rollout displays Hong Kong’s ambition to steer in digital finance. With town actively shaping rules for digital property, together with crypto exchanges and stablecoins, Futu’s newest transfer aligns with broader efforts to place Hong Kong as a worldwide heart for crypto innovation and accountable progress
