Futu Securities opens Bitcoin, Ethereum, and USDT deposit: Hong Kong brokerage rides the encryption wave.

On May 7, 2025, Futu Securities Hong Kong officially launched Bitcoin, Ethereum, and USDT stored value on the Futubull platform, creating a one-stop example of traditional brokerages embracing virtual assets in Hong Kong. (Summary: Futubull opens Hong Kong's "BTC, ETH zero-fee trading", Hong Kong and US stock cryptocurrency ETFs can also be bought) (Background supplement: Chinese can buy Hong Kong Bitcoin ETFs? PBOC: will expand mainland investment in legal financial products in Hong Kong and Macao On May 7, 2025, a blockbuster news spread in Hong Kong's financial circle: Futu Securities, a well-known fintech company, officially launched its Bitcoin (BTC), Ethereum (ETH) and USDT stored value services on its core trading platform Futubull, which is regarded by the outside world as an important step for traditional licensed brokerages in Hong Kong in the field of virtual assets. Futu officially embraces crypto assets Founded in 2012, Futu Holdings is a digital securities brokerage and wealth management service provider in Hong Kong. As of the fourth quarter of 2024, Futu has more than 34 million registered users and about 2.5 million paying users worldwide, of which Hong Kong users cover more than half of the local adult population. As a licensed securities firm in Hong Kong, Futu Securities International (Hong Kong) Limited holds Securities and Futures Commission (SFC) licenses No. 1, 4 and 9, and its business is strictly supervised. In the past two years, Hong Kong's regulatory environment for virtual assets has gradually become clear and more open, especially the VAT licensing system launched in 2023, which provides the possibility for compliance platforms to serve retail investors. PantherTrade, a subsidiary of Futu Holdings, obtained a VAT license approved by the Hong Kong Securities and Futures Commission in January 2025. Futu Securities' crypto asset deposit service was implemented through a partnership with Hash Blockchain Limited (license number BPL992), another SFC-licensed VATP platform, in compliance with AML/CTF standards and investor protection requirements. Who will bring new opportunities? Probably not retail Futu's cryptocurrency top-up service has opened up new opportunities for different types of investors. For traditional investors of Futubull, this means that crypto assets can be easily included in their portfolios, the barrier to entry into the coin market can be lowered, and risk hedging can be leveraged by the characteristics of the equity market. For professional investors, the USDT recharge function provides an efficient fund transfer channel. It can be seen that Futu draws on the successful experience of overseas brokerages such as Robinhood to attract young and high-net-worth users (USDT stored value requires professional investor qualifications, requires 8 million Hong Kong dollars of asset proof, restricts the participation of ordinary retail investors) For existing cryptocurrency traders, with Futu's brand and compliance background, the deposit service of mainstream currencies (BTC, ETH, USDT) provides higher compliance protection than pure crypto exchanges. Related reports Xiao Feng Hong Kong Dialogue Vitalik: One year to learn Chinese, Ethereum Foundation opens a branch in Hong Kong: Hong Kong Ethereum spot ETF officially approved to "provide staking staking" function, the United States is also fast? Hong Kong Crypto Finance Forum Announces Guests and Agenda: Authoritative Gathering, Anchoring the Future of the Industry "Futu Securities Opens Bitcoin, Ethereum, USDT Stored Value: Hong Kong Securities Firms Take Crypto" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".