Futu Securities launches crypto trading for Hong Kong retail investors: report

Hong Kong’s largest online brokerage firm Futu Securities International has launched cryptocurrency trading for individual investors with attractive rewards such as shares of Alibaba and Nvidia.

Futu Securities International has become the first online broker in Hong Kong to offer cryptocurrency trading services to retail investors, reinforcing Hong Kong’s ambitions to become a global crypto hub.

According to a South China Morning Post report, Futu now allows its clients to trade Bitcoin (BTC) and Ethereum (ETH) directly on its platform using Hong Kong or US dollars. The move follows Futu’s recent securities license upgrade from the Securities and Futures Commission, allowing it to offer crypto-related services to both professional and retail clients.

Crypto competition intensifies in Hong Kong

As part of its promotional strategy, Futu is offering incentives to attract retail investors. Customers who trade crypto on the platform can get stocks in Alibaba or Nvidia. The company is also eliminating commission fees on crypto transactions, making the offer even more attractive to potential users.

While Futu is not the first company to launch crypto trading in Hong Kong, it differentiates itself by targeting retail investors. Its rival Tiger Brokers also started offering crypto trading services in May but limited them to professional clients only.