Hong Kong’s Futu Securities Worldwide has introduced the launch of its crypto deposit service which facilitates Bitcoin, Ethereum, and Tether deposits and buying and selling for buyers.
In keeping with the agency’s press launch, certified buyers can now make deposits and commerce cryptocurrencies on Futu’s all-in-one on-line buying and selling platform. Hong Kong’s largest on-line retail brokerage has expanded its suite of cryptocurrencies to incorporate stablecoin deposits for USDT (USDT) in addition to main tokens comparable to Bitcoin (BTC) and Ethereum (ETH).
Traders can now use the Futu NiuNiu app to commerce crypto in addition to conventional asset courses together with Hong Kong, U.S., and Japanese shares, choices, ETFs, funds and bonds amongst different asset courses. Subsequently, the platform permits merchants to shortly change between digital asset and the standard asset buying and selling on the press of a button.
Enabling merchants to modify between accounts permits them to peruse by means of a number of belongings at a look and make the suitable funding decisions. By this new characteristic, Futu Securities goals to bridge the hole between conventional finance and decentralized finance.
With the deposit perform, also referred to as the “coin recharge perform,” Futu customers will have the ability to select whether or not to make use of their funds to build up crypto holdings or promote their crypto belongings and change to a different asset class.
Beforehand, Futu has reportedly been operating checks for stablecoin deposits involving Tether’s USDT and Circle’s USDC (USDC).
Managing Director of Futu Securities, Xie Zhijian, sees a rising urge for food amongst buyers for crypto deposit and withdrawal companies available in the market. Nonetheless, not many native brokerage corporations are in a position to provide this.
Sooner or later, the agency hopes to additionally supply withdrawal companies for buyers seeking to inject their funds into digital belongings.
“Futu hopes to deliver crypto buyers a greater funding expertise by establishing a extra diversified funding platform and an excellent funding setting sooner or later,” mentioned Xie.
As beforehand reported by crypto.information, Futu Securities first opened its crypto buying and selling service again in August 2024. The platform hoped to enchantment to retail buyers particularly, by providing incentives comparable to shares in Alibaba and Nvidia.