In July, the online broker received an updated securities trading license from the Hong Kong Securities and Futures Commission (SFC), which allowed it to offer virtual asset trading services to both professional and retail clients. In addition, the platform intends to obtain a cryptocurrency exchange license for its new PantherTrade platform, which has preliminary approval for virtual asset trading.
Futu said that those who open an account in August this year and deposit $1,280 for the next two months will receive $80 worth of bitcoins or a $50 voucher for supermarkets in the city. If investors deposit $80,000, they will receive a share of American artificial intelligence (AI) chip maker Nvidia. However, commission fees for customers are waived until further notice.
Futu’s competitor, local company Brokers, said it would also offer cryptocurrency trading services to its clients after renewing its license.
Earlier, Chris Barford, head of financial services consulting and analysis at Ernst & Young Hong Kong, said that institutional investors from Hong Kong may increase their investments in cryptocurrencies in the next two to three years.
Source: Bits

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