Futu Securities, Hong Kong's largest online broker, has introduced retail Bitcoin (BTC) trading on its platform.
According to the South China Morning Post, users can now buy and sell Bitcoin and Ethereum using Hong Kong or US dollars directly on Futu’s app.
Futu thus becomes the first online broker in Hong Kong to provide direct Bitcoin trading for retail investors.
This launch follows Hong Kong’s approval of an exchange-traded fund for Bitcoin and Ethereum earlier this year and is in line with a new regulatory framework aimed at establishing the city as a crypto hub.
Not only is Futu leading the way in this space, but it has also applied for a full Bitcoin and cryptocurrency exchange license for its PantherTrade platform, which is one of 11 intermediary exchanges awaiting SFC approval.
To attract new users, Futu is offering incentives such as Alibaba and Nvidia stock rewards. Deposits of HK$10,000 or more can earn up to HK$600 in Bitcoin or vouchers. In addition, Futu is currently waiving trading commissions and partnering with licensed exchange HashKey to comply with SFC regulations.
Metaplanet has expanded its Bitcoin treasury with a new acquisition of 1,005 BTC valued at approximately $108.1 million, further cementing its status as one of the largest corporate holders of the digital asset.
Despite common fears that global crises spell disaster for crypto markets, new data from Binance Research suggests the opposite may be true — at least for Bitcoin.
A new report by crypto analytics firm Alphractal reveals that Bitcoin miners are facing some of the lowest profitability levels in over a decade — yet have shown little sign of capitulation.
Bitcoin’s network hashrate has fallen 3.5% since mid-June, marking the sharpest decline in computing power since July 2024.