{"id":250081,"date":"2024-08-01T12:01:16","date_gmt":"2024-08-01T12:01:16","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/08\/01\/hong-kongs-largest-online-broker-launched-bitcoin-trading\/"},"modified":"2025-06-25T17:13:25","modified_gmt":"2025-06-25T17:13:25","slug":"hong-kongs-largest-online-broker-launched-bitcoin-trading","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/08\/01\/hong-kongs-largest-online-broker-launched-bitcoin-trading\/","title":{"rendered":"Hong Kong&#039;s Largest Online Broker Launched Bitcoin Trading"},"content":{"rendered":"<p> [ad_1]<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/.image\/c_fit%2Ch_800%2Cw_1200\/MTc5Mjk3ODg3NTQ2MDU4NDM1\/scaling-bitcoin-gears-up-for-hong-kong.jpg\" \/><\/p>\n<p><a href=\"https:\/\/www.futuhk.com\/\">Futu Securities<\/a>, Hong Kong&#8217;s biggest online brokerage with over 3.5 million customers, has launched retail Bitcoin trading on its platform. As per <a href=\"https:\/\/www.scmp.com\/tech\/tech-trends\/article\/3272822\/online-brokerage-futu-offers-crypto-trading-hong-kong-nvidia-alibaba-stock-reward\">South China Morning Post<\/a>, users can now directly buy and sell Bitcoin and ether using Hong Kong or US dollars.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">JUST IN: \ud83c\udded\ud83c\uddf0 Hong Kong\u2019s largest online broker Futu has launched <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> and crypto trading. <a href=\"https:\/\/t.co\/sGDxbx83is\">pic.twitter.com\/sGDxbx83is<\/a><\/p>\n<p>&mdash; Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1818957656997986506?ref_src=twsrc%5Etfw\">August 1, 2024<\/a><\/p><\/blockquote>\n<p>Futu is the first online broker in <a href=\"https:\/\/bitcoinmagazine.com\/tags\/hong-kong\">Hong Kong<\/a> to offer direct Bitcoin access to retail investors. Last month, the company received approval from the city&#8217;s Securities and Futures Commission (SFC) to provide virtual asset dealing services.<\/p>\n<p>The move comes as <a href=\"https:\/\/bitcoinmagazine.com\/markets\/spot-bitcoin-etfs-commence-trading-in-hong-kong\">Hong Kong approved<\/a> a Bitcoin and Ethereum exchange-traded fund earlier this year. With a new licensing regime for exchanges and other policy initiatives, Hong Kong aims to position itself as a Bitcoin and crypto hub.\u00a0<\/p>\n<p>By allowing retail Bitcoin trading on its main app, Futu is leapfrogging rivals. It has also applied for a full Bitcoin and crypto exchange license for its PantherTrade platform, one of 11 &#8220;deemed licensed&#8221; interim exchanges in Hong Kong awaiting SFC approval.<\/p>\n<p>To attract new Bitcoin and crypto users, Futu is offering incentives like Alibaba and Nvidia stock as rewards. Customers who deposit HK$10,000 for 60 days get HK$600 of Bitcoin or vouchers and shares. Bigger depositors can earn more rewards.<\/p>\n<p>Futu is also waiving Bitcoin trading commissions for now to gain market share. It is partnering with licensed exchange HashKey to enable trading under SFC rules.<\/p>\n<p>By leveraging its large client base, Futu can uniquely drive significant retail volume for <a href=\"https:\/\/bitcoinmagazine.com\/tags\/bitcoin-trading\">Bitcoin trading<\/a> in Hong Kong. Its brand name gives its Bitcoin platform instant credibility and trust.<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/bitcoinmagazine.com\/business\/hong-kongs-largest-online-broker-launched-bitcoin-trading\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Futu Securities, Hong Kong&#8217;s biggest online brokerage with over 3.5 million customers, has launched retail Bitcoin trading on its platform. As per South China<\/p>\n","protected":false},"author":1,"featured_media":250082,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[172],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/250081"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=250081"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/250081\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/250082"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=250081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=250081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=250081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}