Futu Securities, which was established in 2012 and achieved significant growth in 12 years, received permission from the Hong Kong Securities and Futures Commission (SFC) for cryptocurrency transactions.
While the statement was officially made by Futu Securities, only Bitcoin and Ether transactions can be made in the first place. Although such institutions generally serve private customers or corporate firms at first, transactions were immediately opened to individual customers here. Transactions started this morning.
In Hong Kong, Bitcoin and Ether spot ETFs are also open for trading…
Speaking on the subject, managing director of Futu Group, Steve Zeng said, “We noticed a relatively positive market response on the first day when our crypto trading services went live.”
The company also stated that it is the first online brokerage in Hong Kong to offer zero-commission crypto trading.
Includes share and Bitcoin ‘airdrop’
Working with the Hashkey exchange for crypto trading, the company also resorted to an interesting way to attract users. Customers who keep their cryptocurrencies on the platform in a certain period will be distributed Nvidia and Alibaba shares along with Bitcoin.
Futu will also launch a platform that will focus entirely and exclusively on cryptocurrencies in the coming period. The SFC is expected to approve this platform in the near future.
Futu has also been listed on the Nasdaq stock exchange since 2019.