Hong Kong’s Futu Securities International has announced the launch of its Crypto Deposit Service, which will promote trading for Bitcoin, Ethereum, Tether Deposit and investors.
Qualified investors are now able to create deposits and trade cryptocurrencies on Futu’s all-in-one online trading platform, according to a press release from the company. Hong Kong’s largest online retail broker has expanded its suite of cryptocurrency to include USDT (USDT) Stablecoin Deposits and major tokens such as Bitcoin (BTC) and Ethereum (ETH).
Investors can now use the Futu niuniu app to exchange traditional asset classes between other asset classes, as well as traditional asset classes such as Hong Kong, the US and Japan stocks, options, ETFs, funds and bonds. Therefore, the platform allows traders to quickly switch between virtual assets and traditional asset trading with button presses.
By allowing traders to switch accounts, they can read through multiple assets at a glance and make the right investment choices. Through this new feature, Futu Securities aims to bridge the gap between traditional and decentralized finance.
A deposit feature, also known as “Coin Recharge Function,” allows Futu users to choose to use funds to accumulate crypto holdings or sell crypto assets and switch to another asset class.
Previously, Futu reportedly runs tests on Stablecoin deposits, including Tether’s USDT and Circle’s USDC (USDC).
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Xie Zhijian, managing director of Futu Securities, has seen an increasing appetite among investors in crypto deposit and withdrawal services in the market. However, many local brokerage companies are unable to offer this.
In the future, the company also wants to provide withdrawal services to investors looking to inject funds into digital assets.
“Futu hopes to provide Crypto Investors with a better investment experience by establishing a more diverse investment platform and a better investment environment in the future,” Xie said.
As previously reported by Crypto.News, Futu Securities first launched its Crypto Trading service in August 2024. The platform wanted to appeal to retail investors in particular by providing incentives such as Alibaba and Nvidia stocks.
read more: Futu Securities launches crypto trading for retail investors in Hong Kong: Report
