- Futu Securities becomes the first online broker in Hong Kong to offer direct Bitcoin trading to retail investors.
- Incentives for new investors include Bitcoin, supermarket vouchers, and shares in major companies like Alibaba and Nvidia.
Recently, CNF reported major waves of money flowing into the market as Hong Kong banks plan to offer Bitcoin and Ethereum ETFs to clients in the coming weeks and months. Today, we discuss that Futu Securities has launched Bitcoin trading for its Hong Kong-based users, according to a report by the South China Morning Post.
This move makes Futu Securities the first online brokerage to directly offer cryptocurrency trading to retail investors in Hong Kong. To attract new investors, Futu is offering a compelling incentive program. Investors who open accounts in August and maintain a deposit of HK$10,000 (approximately US$1,280) for 60 days will have the option to receive Bitcoin worth HK$600, a HK$400 supermarket voucher, or a share in Alibaba Group Holding.
As shared in a recent tweet by Bitcoin Magazine, Hong Kong’s largest online broker, Futu, has launched Bitcoin and cryptocurrency trading.
JUST IN: 🇭🇰 Hong Kong’s largest online broker Futu has launched #Bitcoin and crypto trading. pic.twitter.com/sGDxbx83is
— Bitcoin Magazine (@BitcoinMagazine) August 1, 2024
As detailed in the post, for those who deposit a larger sum of US$80,000, the rewards include either HK$1,000 in Bitcoin or a share of Nvidia (NVDA), a U.S.-based AI chip powerhouse that has seen its shares soar by 143% this year.
However, unlike the positive market value as CNF updates previously highlighted for BTC when Hong Kong debuted Bitcoin and Ethereum spot ETFs in our earlier coverage, at the time of writing, BTC is priced at $64,545.27 with a decrease of 1.00% in the past day and 3.73% in the past week. See the price chart below.
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