Futu Securities International, the largest online brokerage in Hong Kong, has introduced retail cryptocurrency trading services in the city. This strategic move is part of a broader effort to attract a more investors amid a rising crypto bull market. Moreover, the brokerage will offer Nvidia and Alibaba shares to incentivize the latest launch.

Futu Launches Bitcoin & Crypto Services In Hong Kong

Futu’s announcement on Thursday, August 1, revealed that its users can now trade Bitcoin (BTC ($94,160.00)) and Ethereum (ETH ($1,794.91)) directly on the brokerage’s platform. Investors can use either Hong Kong or US dollars for their transactions. Moreover, this new feature comes after Futu secured an upgraded securities license from the Securities and Futures Commission (SFC) last month.

This upgrade permits Futu to offer virtual asset dealing services to both professional and retail customers in the city. Meanwhile, In a bid to attract new investors, Futu is offering a unique incentive program.

Investors who open accounts in August and deposit HK$10,000 (US$1,280) for 60 days will be rewarded. They will have the option to receive either Bitcoin worth HK$600, a HK$400 supermarket voucher, or a single share of Alibaba Group Holding, a prominent Chinese e-commerce giant.

Whilst, it will also reward those who deposit US$80,000 for the same duration. The incentives include either HK$1,000 in Bitcoin or a share of Nvidia (NVDA), the US-based AI chip powerhouse whose shares have surged 143% this year.

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