Futu Securities Launches Crypto Deposit Service for Investors

Futu Securities International, Hong Kong's leading online retail brokerage, has launched a new crypto deposit service, allowing qualified investors to deposit and trade major cryptocurrencies like Bitcoin, Ethereum, and Tether. This service is now available on the company's all-in-one online trading platform, Futu NiuNiu app.

The new feature expands the firm's crypto offerings, which now include stablecoin deposits like Tethers USDT alongside popular digital assets such as Bitcoin and Ethereum. Investors can also continue to trade a broad array of traditional assets, including stocks from Hong Kong, the U.S., and Japan, as well as options, ETFs, bonds, and funds. This seamless integration allows users to toggle effortlessly between digital and traditional assets with just a few clicks, making it easier to manage diverse portfolios.

Futu Securities move is seen as a strategic effort to bridge the gap between traditional finance and decentralized finance (DeFi). By offering both crypto and traditional asset trading on a single platform, the company is positioning itself as a key player in the growing demand for accessible crypto services.

The new “coin recharge” function enables users to deposit crypto assets directly into their Futu accounts, where they can either accumulate holdings or liquidate them into traditional asset classes. This is an extension of Futus ongoing experiments with stablecoin deposits, including USDT and USDC.

Xie Zhijian, Managing Director of Futu Securities, emphasized the rising interest in crypto deposit and withdrawal services, noting that very few local brokerage firms are able to offer such solutions. In the future, Futu aims to expand these services to include crypto withdrawals, allowing users to inject funds directly into digital assets, further enhancing their investment experience.

Since its initial launch of crypto trading services in August 2024, Futu Securities has been striving to cater to retail investors with incentives like shares in major companies, including Alibaba and Nvidia. Xie hopes that by diversifying its offerings, Futu will continue to provide a more complete and user-friendly investment environment for all types of investors.

This move reflects Futus commitment to becoming a comprehensive platform for both traditional and digital assets, ensuring its users have the tools they need to make informed and dynamic investment decisions.

For more information on Futu Securities and its services.