Hong Kong’s Top Broker Futu Offers Bitcoin, Ether Trading with Alibaba, Nvidia Rewards

Last Updated on August 2, 2024

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Person holding smartphone with website of Chinese brokerage company Futu Holdings Limited on screen with logo. Source: Timon - stock.adobe.com

Key Takeaways:

  • Futu Securities International launched Bitcoin and Ether trading services, partnering with HashKey Exchange.
  • New clients depositing specified amounts can receive Alibaba or Nvidia shares, supermarket vouchers, or Bitcoin as rewards.
  • Futu aims to expand its crypto offerings, with a subsidiary seeking a full crypto services license from Hong Kong’s Securities and Futures Commission.

Hong Kong-based Futu Securities International has launched trading services for bitcoin (BTC) and ether (ETH), partnering with HashKey Exchange.

To attract new clients, Futu is offering Alibaba Group (BABA) and Nvidia (NVDA) shares as rewards for opening accounts and depositing specific amounts.

New investors in August who deposit HK$10,000 (~$1,280) can choose between bitcoin worth HK$600, a HK$400 supermarket voucher, or a single Alibaba share, while those depositing HK$80,000 can opt for HK$1,000 in bitcoin or an Nvidia share.

Futu, aiming to expand its crypto offerings, reported 22.5 million registered users and 1.9 million paying clients as of March 31.

Additionally, Futu’s subsidiary, Panthertrade, is seeking a full license from Hong Kong’s Securities and Futures Commission to offer crypto services.

This initiative aligns with Hong Kong’s strategy to enhance its position as a global crypto hub.

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