Hong Kong’s Futu Goes Crypto: BTC, ETH, USDT Deposits Now Live!

Futu Securities launches BTC, ETH, and USDT deposits in Hong Kong! Trade crypto alongside stocks with zero fees. Is this Asia’s big crypto leap?

May 7, 2025 - 17:01
May 7, 2025 - 16:22
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Hong Kong’s Futu Goes Crypto: BTC, ETH, USDT Deposits Now Live!
Hong Kong’s Futu Goes Crypto: BTC, ETH, USDT Deposits Now Live!
Hong Kong’s largest online broker, Futu Securities, has taken a bold step into the crypto world, launching deposit services for Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) on its Futu NiuNiu platform as of May 7, 2025. This move, targeting qualified investors, allows seamless conversion between crypto and traditional assets like Hong Kong and U.S. stocks. With Futu’s 22 million customers, this could be a game-changer for crypto adoption in Asia. But what’s behind this launch, and what does it mean for investors?
What’s the Deal?
Futu’s new service lets users deposit BTC and ETH from personal wallets, with minimums as low as 0.0002 BTC and 0.001 ETH, processed in about an hour. USDT deposits are currently limited to institutional investors. No deposit fees apply, but specific blockchain networks must be used. This builds on Futu’s crypto trading launch in August 2024, which offered zero-fee trading and Bitcoin rewards for new accounts. Posts on X highlight excitement, with users praising the ability to trade crypto alongside stocks.
Why It Matters
This service bridges traditional finance and crypto, making it easier for Hong Kong investors to diversify portfolios without leaving Futu’s platform. Hong Kong’s crypto-friendly regulations and Futu’s massive user base could drive mainstream adoption, especially as Bitcoin hovers near $94,000. However, risks include crypto volatility and potential regulatory shifts in Hong Kong’s evolving market.
What’s the Impact?
Futu’s move could attract new crypto investors, boosting trading volumes and liquidity. It may also pressure competitors to offer similar services. Yet, investors should stay cautious, as market fluctuations could impact returns, and USDT’s institutional-only access may limit broader use initially.
What’s Next?
With Futu eyeing global expansion, this could set a precedent for crypto integration in traditional finance. Will other brokers follow suit?
What do you think of Futu’s crypto push? Comment below and follow trafy.io for more crypto updates
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NOTICE: The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.