Hong Kong's Futu Securities Goes All-In on Crypto with New Deposit Service

Investors Can Now Trade Bitcoin, Ethereum, and Tether on Futu's Platform

Hong Kong's Futu Securities International just dropped a bombshell: they're launching a crypto deposit service that lets investors stash and trade Bitcoin, Ethereum, and Tether like never before. This move is set to shake up the crypto scene in the city!

Get this: qualified investors can now dive into the world of crypto right on Futu's slick online trading platform. Hong Kong's biggest online retail brokerage isn't messing around—they've beefed up their crypto lineup with stablecoin deposits for USDT, plus the heavy hitters Bitcoin and Ethereum. It's a game-changer!

But wait, there's more! With the Futu NiuNiu app, investors can juggle crypto and traditional assets like Hong Kong, U.S., and Japanese stocks, options, ETFs, funds, and bonds. It's like having a financial Swiss Army knife in your pocket. Switch between virtual and traditional assets with just a tap—talk about convenience!

This seamless switching lets traders scan multiple assets in a flash and make killer investment moves. Futu Securities is on a mission to bridge the gap between old-school finance and the wild world of DeFi. It's a bold move that's got everyone talking!

With the new "coin recharge function," Futu users can decide whether to stack their crypto holdings or cash out and pivot to another asset class. It's all about giving investors the power to make their own moves.

Rumor has it Futu's been test-driving stablecoin deposits with Tether's USDT and Circle's USDC. They're not just dipping their toes in—they're diving headfirst into the crypto pool!

Xie Zhijian, Futu Securities' Managing Director, is feeling the buzz. He says there's a growing hunger for crypto deposit and withdrawal services, but not many local brokerages are stepping up to the plate. Futu's ready to fill that gap and then some!

And they're not stopping there. Futu's got plans to roll out withdrawal services too, so investors can pour their funds into digital assets like never before.

"Futu's all about giving crypto investors a top-notch experience," says Xie. "We're building a diverse investment platform and a killer environment for the future."

Back in August 2024, Futu Securities kicked off its crypto trading service, aiming straight at retail investors. They even threw in some sweet incentives like shares in Alibaba and Nvidia. It's clear Futu's not just playing the game—they're changing it!