Futu Securities Launches BTC, ETH, and USDT Deposit Services in Hong Kong
Futu Securities Enters Crypto Space with Deposits in BTC, ETH, and USDT
Hong Kong-based Futu Securities International has started its cryptocurrency deposit service officially. Eligible investors can deposit and trade Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) on the trading platform. As Hong Kong’s largest online retail brokerage, Futu’s entry represents a significant leap in closing the gap between traditional finance and digital assets.
This new feature allows investors to deposit crypto to fund their accounts and trade easily in tandem with traditional asset classes, making Futu a hybrid investment platform for both experienced and new market players.
Seamless Asset Switching through the NiuNiu App
With the Futu NiuNiu app, investors can now manage virtual and traditional assets—such as Hong Kong, U.S., and Japanese stocks, ETFs, options, funds, and bonds—within a single interface. Users can, through a few taps, transfer capital from crypto investments to traditional investments and vice versa, allowing for nimbler portfolio management.
A Bridge Between TradFi and DeFi
Futu’s recently introduced “coin recharge function” allows clients the option to increase their crypto positions or offload them into other asset classes. This product facilitates dynamic investment strategies and underscores the platform’s role as a bridge between centralized finance and decentralized finance.
Future Plans: Crypto Withdrawals on the Horizon
After testing stablecoin deposits in both Circle’s USDC and Tether’s USDT, Futu also foresees offering crypto withdrawals. Demand from investors for digital assets is growing, Managing Director Xie Zhijian stated, but not many local brokerages are meeting that demand.
Facilitating greater crypto accessibility
Since first introducing crypto trading in August 2024, Futu has made moves to lure retail investors with promotions like giveaways of Alibaba and Nvidia shares. With its latest crypto feature, Futu is continuing to expand its ecosystem to meet evolving investor needs in Hong Kong’s competitive financial landscape.
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Futu Securities Launches BTC, ETH, and USDT Deposit Services in Hong Kong
Futu Securities Enters Crypto Space with Deposits in BTC, ETH, and USDT
Hong Kong-based Futu Securities International has started its cryptocurrency deposit service officially. Eligible investors can deposit and trade Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) on the trading platform. As Hong Kong’s largest online retail brokerage, Futu’s entry represents a significant leap in closing the gap between traditional finance and digital assets.
This new feature allows investors to deposit crypto to fund their accounts and trade easily in tandem with traditional asset classes, making Futu a hybrid investment platform for both experienced and new market players.
Seamless Asset Switching through the NiuNiu App
With the Futu NiuNiu app, investors can now manage virtual and traditional assets—such as Hong Kong, U.S., and Japanese stocks, ETFs, options, funds, and bonds—within a single interface. Users can, through a few taps, transfer capital from crypto investments to traditional investments and vice versa, allowing for nimbler portfolio management.
A Bridge Between TradFi and DeFi
Futu’s recently introduced “coin recharge function” allows clients the option to increase their crypto positions or offload them into other asset classes. This product facilitates dynamic investment strategies and underscores the platform’s role as a bridge between centralized finance and decentralized finance.
Future Plans: Crypto Withdrawals on the Horizon
After testing stablecoin deposits in both Circle’s USDC and Tether’s USDT, Futu also foresees offering crypto withdrawals. Demand from investors for digital assets is growing, Managing Director Xie Zhijian stated, but not many local brokerages are meeting that demand.
Facilitating greater crypto accessibility
Since first introducing crypto trading in August 2024, Futu has made moves to lure retail investors with promotions like giveaways of Alibaba and Nvidia shares. With its latest crypto feature, Futu is continuing to expand its ecosystem to meet evolving investor needs in Hong Kong’s competitive financial landscape.
Read More
Binance’s CZ Proposes Bitcoin, BNB for Kyrgyzstan’s National Crypto Reserves