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Blockchain & Cryptocurrency
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Futu Securities Launches Bitcoin and Ether Trading for 22 ...
2024-08-01 14:59:08
Blockchain
Finance
Trading

Futu Securities Launches Bitcoin and Ether Trading for 22 Million Users in Hong Kong

Futu Securities, Hong Kong's largest online broker, has introduced Bitcoin and Ether trading to 22 million customers, pioneering cryptocurrency offerings for Hong Kong retail investors. The move follows a surge in investor interest, evidenced by Bitcoin's record open interest of $39.4 billion and the recent launch of the first spot Ether exchange-traded funds (ETFs) in the US.

Additionally, Franklin Templeton and BitfFlyer are expanding crypto operations in Japan, while Hong Kong has unveiled a stablecoin licensing regime, though facing challenges with crypto firms withdrawing license applications. Futu's new offering includes trading incentives, commission waivers, and access to popular stocks like Nvidia and Alibaba, positioning them ahead of rivals like Tiger Brokers.

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Companies - South China Morning Post
1. August 2024 um 09:59

Online brokerage Futu offers crypto trading in Hong Kong, with Nvidia, Alibaba stock as reward | South China Morning Post

Cryptocurrencies & blockchain
Finance
Economy
Technology
Futu, HK's largest broker, launched retail crypto trading, offering Alibaba, Nvidia shares. Futu has SFC license. Futu's PantherTrade is among 11 "deemed licensed" HK crypto exchanges. Futu partners HashKey. Bitcoin price jumped 45% in bull market. Futu waives commissions, offers HK$10,000 deposit incentive. Rival Tiger Brokers offers crypto to professional investors.
Cointelegraph.com News
1. August 2024 um 00:00

Hong Kong’s largest online broker launches Bitcoin and Ether trading for 22 million users

Cryptocurrencies & blockchain
Finance
Economy
Futu Securities, Hong Kong's largest online broker with 22 million users, launches Bitcoin and Ether trading, becoming the first brokerage to directly offer cryptocurrency amid an uptick in investor interest, with Bitcoin's open interest hitting a record high of $39.4 billion on July 29, a week after the launch of the first spot Ether exchange-traded funds (ETFs) in the United States.
Cointelegraph.com News
1. August 2024 um 11:06

Hong Kong’s largest online broker launches Bitcoin and Ether trading for 22 million users

Cryptocurrencies & blockchain
Finance
Economy
Technology
Futu Securities, Hong Kong's largest online broker, has launched Bitcoin and Ether trading for 22 million customers, the first to offer crypto to Hong Kong retail investors. Bitcoin's open interest hit a record, and US Ether ETFs have boosted institutional interest. Franklin Templeton and BitfFlyer are expanding crypto in Japan. Hong Kong unveiled a stablecoin licensing regime but faces challenges as crypto firms withdraw license applications.
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