Hong Kong brokerage Futu adds crypto deposits with Bitcoin rewards for users

Futu Securities, a salient brokerage based successful Hong Kong, has rolled retired crypto “deposit services” for users connected its Futu NiuNiu platform.

According to a May 7 statement, the motorboat lets investors deposit and commercialized starring integer assets specified arsenic Bitcoin, Ethereum, and Tether.

Futu NiuNiu, already known arsenic Hong Kong’s apical banal trading app, offers entree to assorted fiscal instruments specified arsenic Hong Kong, US, and Japanese equities, ETFs, options, currency funds, and bonds. The summation of integer assets marks a important measurement successful expanding its ecosystem.

According to the company, this integration enables investors to navigate integer and accepted markets seamlessly.

Futu pointed retired that the update enables users to displacement betwixt plus classes easy depending connected marketplace conditions. This allows retail traders to negociate hazard amended and instrumentality vantage of emerging trends, careless of whether markets are rising oregon falling.

The institution besides sees this integration arsenic a measurement toward closing the spread betwixt the accepted fiscal strategy and the fast-growing crypto economy.

Futu is moving a limited-time promotion to people the launch, offering caller users up to HK$1,600 successful Bitcoin rewards. The institution sees this arsenic portion of a broader effort to pull and enactment integer plus investors seeking regulated, user-friendly platforms.

Futu’s Managing Director, Xie Zhijian, emphasized the firm’s committedness to innovation and highlighted upcoming plans to rotation retired withdrawal functions and enactment for further cryptocurrencies.

He said:

“There is simply a beardown request for deposit and withdrawal functions successful the market, but not galore brokerages tin bash this…Following the deposit function, the withdrawal relation and the deposit and withdrawal enactment of much mainstream currencies are besides successful Futu’s plan.”

The rollout reflects Hong Kong’s ambition to pb successful integer finance. With the metropolis actively shaping regulations for virtual assets, including crypto exchanges and stablecoins, Futu’s latest determination aligns with broader efforts to presumption Hong Kong arsenic a planetary halfway for crypto innovation and liable growth

The station Hong Kong brokerage Futu adds crypto deposits with Bitcoin rewards for users appeared archetypal connected CryptoSlate.