{"id":35351,"date":"2024-08-02T17:12:35","date_gmt":"2024-08-02T17:12:35","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/hong-kongs-largest-online-broker-futu-securities-launches-bitcoin-and-ethereum-trading\/"},"modified":"2024-08-02T17:12:35","modified_gmt":"2024-08-02T17:12:35","slug":"hong-kongs-largest-online-broker-futu-securities-launches-bitcoin-and-ethereum-trading","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/hong-kongs-largest-online-broker-futu-securities-launches-bitcoin-and-ethereum-trading\/","title":{"rendered":"Hong Kong&#8217;s largest online broker Futu Securities launches Bitcoin and Ethereum trading"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/Futu-Securities-launches-Bitcoin-and-Ether-trading-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/Futu-Securities-launches-Bitcoin-and-Ether-trading-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/Futu-Securities-launches-Bitcoin-and-Ether-trading-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/Futu-Securities-launches-Bitcoin-and-Ether-trading-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Futu Securities launches Bitcoin and Ethereum trading in Hong Kong with zero fees.<\/li>\n<li>New users can receive incentives like Bitcoin or shares of Alibaba and Nvidia.<\/li>\n<li>Futu seeks a crypto exchange license for PantherTrade amid Hong Kong\u2019s crypto hurdles.<\/li>\n<\/ul>\n<p>Futu Securities International, Hong Kong\u2019s largest online broker, has introduced retail cryptocurrency trading in the city, marking a significant advancement in its financial services.<\/p>\n<p>The brokerage firm, known for its extensive reach and innovative offerings, now allows residents to trade <a href=\"https:\/\/coinjournal.net\/bitcoin\/what-is-bitcoin\/\">Bitcoin<\/a> and <a href=\"https:\/\/coinjournal.net\/ethereum\/what-is-ethereum\/\">Ethereum<\/a> on its platform. This initiative comes after a partnership with HashKey Exchange, one of only two licensed cryptocurrency exchanges in Hong Kong.<\/p>\n<h2>Bonuses and waived crypto trading fees<\/h2>\n<p>The launch comes with enticing bonuses. New account holders who deposit HK$10,000 (approximately $1,280) for 60 days can receive either HK$600 worth of Bitcoin, a HK$400 supermarket voucher, or a share of Alibaba.<\/p>\n<p>Those who deposit HK$80,000 are eligible for HK$1,000 in Bitcoin or a share of Nvidia, whose stock has surged by about 130% this year.<\/p>\n<p>Additionally, Futu has waived commission fees for crypto trading starting August 1st, enhancing the appeal of their new service.<\/p>\n<h2>Futu looking for a crypto exchange license<\/h2>\n<p>Futu is also pursuing a cryptocurrency exchange license for its new platform, PantherTrade, which currently operates under a \u2018deemed to be licensed\u2019 status.<\/p>\n<p>PantherTrade is among 11 platforms in Hong Kong awaiting full approval from the Securities and Futures Commission (SFC).<\/p>\n<h2>Hong Kong crypto industry challenges<\/h2>\n<p>Despite these advancements, Hong Kong\u2019s aspiration to become a global crypto hub faces hurdles. The city has experienced the exit of major global trading platforms and low trading volumes for crypto ETFs.<\/p>\n<p>Increased fraudulent activities, such as a recent scam involving counterfeit currency, have further complicated the situation.<\/p>\n<p>In response, Hong Kong authorities are enhancing their regulatory measures and law enforcement capabilities to address these issues and boost investor confidence.<\/p>\n<p>As Futu Securities deepens its presence in the cryptocurrency market, the success of its initiative will depend on balancing innovation with stringent oversight to ensure a secure trading environment.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/hong-kongs-largest-online-broker-futu-securities-launches-bitcoin-and-ethereum-trading\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Futu Securities launches Bitcoin and Ethereum trading in Hong Kong with zero fees. New users can receive incentives like Bitcoin or shares of Alibaba and Nvidia. Futu seeks a crypto exchange license for PantherTrade amid Hong Kong\u2019s crypto hurdles. Futu Securities [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":35352,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/35351"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=35351"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/35351\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/35352"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=35351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=35351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=35351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}