TechFlow news, according to Ming Pao, Futu Securities has announced the launch of its virtual asset trading service. Xie Zhijian, Managing Director at Futu Securities, said surveys show over 40% of investors who have never traded virtual assets wish to do so on the Futu NiuNiu platform, while nearly 75.6% of experienced investors also welcome this offering.
The company has obtained approval from the Hong Kong Securities and Futures Commission (SFC) to upgrade its license, enabling it to offer services to qualified Hong Kong investors. Customers can now directly use Hong Kong dollars and US dollars to purchase cryptocurrencies in real time. The minimum investment is as low as HK$80 or USD 10, with zero commission fees. The platform offers four spot trading pairs: Bitcoin and Ethereum against the US dollar and Hong Kong dollar. It also provides investment options including Hong Kong and US stock spot ETFs, futures ETFs, and blockchain-related concept stocks.
Futu emphasized that the new service is regulated by the SFC, streamlining the trading process and eliminating security risks associated with private account transfers, thereby providing customers with a safer trading environment.
