Hong Kong Brokerage Futu Introduces Crypto Deposits Offering Bitcoin Rewards to Users

Futu Securities, a key brokerage located in Hong Kong, has introduced cryptocurrency “deposit services” on its Futu NiuNiu platform.

On May 7, the firm announced that this new feature allows users to deposit and trade major digital currencies including Bitcoin, Ethereum, and Tether.

Futu NiuNiu, recognized as the leading stock trading application in Hong Kong, provides access to a variety of financial products such as equities from Hong Kong, the US, and Japan, as well as ETFs, options, cash funds, and bonds. The inclusion of digital assets represents a notable advancement in enhancing its financial ecosystem.

The company stated that this new integration allows users to transition smoothly between traditional and digital markets.

Futu emphasized that the update gives users the flexibility to switch asset classes based on prevailing market conditions. This capability enables retail traders to manage their risks more effectively and capitalize on emerging market trends, whether those markets are on the rise or decline.

Furthermore, the company views this integration as a significant step toward bridging the gap between traditional finance and the rapidly evolving cryptocurrency market.

To celebrate this launch, Futu is currently running a time-limited promotion, offering new users potential rewards of up to HK$1,600 in Bitcoin. This initiative is part of the company’s broader strategy to attract and assist digital asset investors who favor regulated and user-friendly platforms.

Futu’s Managing Director, Xie Zhijian, underscored the firm’s dedication to innovation, revealing intentions to introduce withdrawal features and additional cryptocurrency support.

He noted the considerable demand for deposit and withdrawal options in the current market landscape, suggesting that many brokerages have yet to provide these services. Following the implementation of deposit functions, Futu also plans to facilitate withdrawals and support for more mainstream currencies.

This initiative reflects Hong Kong’s aspirations to position itself as a leader in digital finance. As the city actively develops regulations for virtual assets, including cryptocurrency exchanges and stablecoins, Futu’s latest action aligns with broader efforts to establish Hong Kong as a premier hub for cryptocurrency innovation and responsible growth.