Hong Kong-based Futu Securities, a leading brokerage firm, has announced the integration of Bitcoin, Ethereum, and USDT deposit services into its popular Futu NiuNiu trading platform. This strategic move allows users to deposit, hold, and receive rewards in these major digital assets, marking a significant expansion of the platform’s financial offerings.
The update, confirmed in a recent official statement, enables investors to seamlessly manage both traditional and digital assets within a single, regulated environment. Futu Securities International (Hong Kong) Limited, which holds Type 1, 4, and 9 licenses from the Securities and Futures Commission (SFC), operates under strict regulatory oversight. This development aligns with Hong Kong’s increasingly open and transparent regulatory approach toward virtual assets, particularly since the introduction of the Virtual Asset Trading Platform (VATP) licensing regime in 2023.
Futu NiuNiu is widely recognized as one of Hong Kong’s top stock trading applications, providing access to a diverse range of financial instruments including stocks from Hong Kong, the U.S., and Japan, ETFs, options, money market funds, and bonds. The incorporation of cryptocurrencies represents a major milestone in the platform’s evolution toward a more comprehensive financial ecosystem.
According to the company, this integration allows users to navigate digital and traditional markets with greater flexibility. Investors can now switch between asset classes based on market conditions, improving their ability to manage risk and capitalize on emerging trends—whether markets are rising or falling.
Futu also positions this initiative as a step toward bridging the gap between traditional finance and the rapidly expanding cryptocurrency economy. In celebration of the launch, the platform is offering a limited-time promotion where new users can receive Bitcoin rewards worth up to HKD $1,600.
This effort is part of a broader strategy to attract and support digital asset investors who are seeking a regulated, user-friendly environment for their transactions. Mr. Xie Zhijian, Managing Director of Futu, emphasized the company’s commitment to innovation, noting that withdrawal functionality and support for additional cryptocurrencies are already in the pipeline.
He stated, “There is strong market demand for both deposit and withdrawal features, yet very few brokerages currently offer them… Following the introduction of deposit services, Futu plans to roll out withdrawal capabilities and expand support for more mainstream cryptocurrencies.”
This rollout underscores Hong Kong’s ambition to become a leading hub for digital finance. As the city actively refines its regulatory framework for virtual assets—including cryptocurrency exchanges and stablecoins—Futu’s latest move supports Hong Kong’s goal of establishing itself as a global center for responsible crypto innovation and growth.
How Does Futu’s New Crypto Service Work?
Futu’s integration of cryptocurrency services allows existing and new users to deposit Bitcoin, Ethereum, and USDT directly into their Futu NiuNiu accounts. The process is designed to be user-friendly and is fully compliant with local regulations.
Once deposited, these assets can be held alongside traditional investments, giving users a unified view of their portfolio. The platform also offers Bitcoin rewards for new users under its current promotional campaign.
Benefits of Trading Crypto on a Regulated Platform
Choosing a licensed brokerage like Futu provides several advantages for cryptocurrency investors:
- Regulatory Security: Futu is regulated by the SFC, offering a layer of protection and accountability often absent in crypto-only exchanges.
- Integrated Portfolio Management: Users can manage crypto and traditional assets in one place, simplifying tracking and rebalancing.
- Ease of Use: The Futu NiuNiu app is known for its intuitive interface, making it easier for beginners to enter the crypto market.
- Risk Management: With access to both traditional and digital markets, investors can diversify more effectively and hedge against volatility.
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Frequently Asked Questions
What cryptocurrencies are supported by Futu NiuNiu?
Currently, Futu supports deposits of Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). The company has announced plans to add support for more cryptocurrencies and introduce withdrawal functionality in the near future.
Is Futu Securities regulated for cryptocurrency services?
Yes, Futu operates under licenses from the Hong Kong Securities and Futures Commission (SFC), which has been extending its regulatory framework to include virtual asset services. This ensures that Futu’s crypto operations comply with strict local financial regulations.
Can I withdraw my cryptocurrencies from Futu?
As of now, only deposit services are available. However, Futu has confirmed that withdrawal capabilities are under development and will be introduced in upcoming updates.
Who can use Futu’s crypto services?
These services are available to users of Futu NiuNiu in jurisdictions where the platform operates and where cryptocurrency services are legally permitted. It is always advisable to check local regulations regarding digital asset investments.
How does Futu’s Bitcoin reward promotion work?
New users who sign up during the promotional period and meet certain conditions—such as making a qualifying deposit or trade—can receive Bitcoin bonuses valued up to HKD $1,600. Specific terms and conditions apply.
Why is Hong Kong becoming more crypto-friendly?
Hong Kong aims to strengthen its position as a global financial hub by embracing fintech innovation. The government and regulatory bodies have introduced clearer guidelines and licensing systems to attract legitimate businesses while ensuring investor protection.
Hong Kong’s progressive stance on virtual assets, combined with Futu’s established reputation, offers a promising opportunity for investors interested in diversifying into digital currencies within a secure and regulated framework. As the platform continues to enhance its features, users can expect even more tools and options for managing their investments across markets.