Futu Becomes the First in Hong Kong to Offer Zero-Commission Crypto Trading, Providing Secure, licensed Services to Investors

Futu Securities International (Hong Kong) Limited ("Futu Securities"), the subsidiary of Futu Group ("FUTU"), will launch the crypto trading service on 1 August, becomeing the first brokerage in Hong Kong to offer zero-commission trading for Crypto, embracing Web 3.0 with Hong Kong residents. Starting from 1 August, eligible Hong Kong investors can enjoy secure, licensed and zero-commission crypto trading services on the Futubull app, Futu's trading platform, which covers four spot trading pairs including Bitcoin, Ethereum, and US and HK dollars.

Futu Securities received approval from the Securities and Futures Commission of Hong Kong ("SFC") to upgrade its license to provide qualified Hong Kong investors, including retail investors, with crypto trading services. The new trading services are regulated by the SFC, allowing clients to trade with peace of mind.

Previously, when investors traded through traditional channels, they usually had to exchange fiat money for stablecoins like Tether before using the stablecoins to buy the cryptos they wanted. Now, clients can trade cryptos directly with Hong Kong dollars or US dollars at real-time exchange rates on Futubull, with an investment threshold as low as HK$80 or US$10. Not only has it made crypto trading faster, more efficient, and more convenient, but it also saves clients the trouble of using private accounts to buy stablecoins, preventing them from getting involved in unsafe or even illegal transfers due to asymmetric information.

In recent years, Futu continued to launch a wide range of investment products, aiming to create a "one-stop investment platform" that allows clients to "invest globally with one account." In addition to its well-known HK and US brokerage business, Futu Securities expanded its footprints to the Japanese stock market and is now making a foray into the crypto field.

Futubull also supports the trading of various virtual asset-related investment categories, such as spot and futures ETFs trading in the HK and US markets and blockchain stocks, to meet clients' diverse investment needs.

Facing a broad investor base, Futu is keenly aware that each of them has different investment preferences, habits, and strategies and has been exploring ways to help investors find products and strategies that suit them. Together with the launch of crypto trading, the Futubull Community also released a wealth of investor education materials and set up a cryptocurrency column to capture cryptocurrency trends in the long run. With a variety of tools at hand to empower investors, including news, in-depth content, ranking lists, and community events, Futu hopes retail investors can make investment decisions with confidence after learning, just like professional investors do.