Futu Securities International (Hong Kong) announced it will officially launch cryptocurrency trading services starting tomorrow, becoming the first Hong Kong brokerage to offer zero-commission Bitcoin (BTC) and Ethereum (ETH) trading.
Key Features of Futu Moomoo’s Crypto Trading
- Zero Commission: Trade BTC and ETH without brokerage fees.
- Low Entry Barrier: Minimum investment of HKD 80 or USD 10.
- Supported Currencies: BTC and ETH (with potential future expansions).
- Multi-Currency Support: Purchase crypto directly with HKD or USD at real-time exchange rates.
According to local Hong Kong media, starting August 1st, individual investors can use Futu’s app "Moomoo" to access secure, licensed, and commission-free cryptocurrency trading. Additionally, users can earn up to HKD 800 worth of Bitcoin rewards through community engagement tasks.
Market Demand and Regulatory Approval
Futu Securities Managing Director Stanley Tse noted that internal surveys revealed:
- Over 40% of non-crypto investors expressed interest in trading digital assets via Moomoo.
- Nearly 75.6% of experienced investors welcomed Futu’s integration of virtual asset trading.
The service follows Futu’s recent upgrade to a Type 1 license by Hong Kong’s Securities and Futures Commission (SFC), permitting virtual asset trading for qualified local investors.
Expanded Investment Options
Beyond spot trading, Moomoo offers:
👉 Diversified crypto investment products including:
- Spot/futures crypto ETFs (US/HK markets)
- Blockchain-themed stocks
- Crypto futures contracts
FAQ Section
1. Is Futu Moomoo’s crypto trading service available outside Hong Kong?
Currently, the service is exclusive to SFC-licensed Hong Kong investors.
2. Are there withdrawal fees for cryptocurrencies?
Futu has not disclosed withdrawal fees; users should check in-app details.
3. How secure is Moomoo’s crypto trading?
Funds are held under regulated custody with institutional-grade security protocols.
4. Will more cryptocurrencies be added?
Futu may expand offerings based on market demand and regulatory approvals.
5. Can I trade crypto 24/7 via Moomoo?
Yes, unlike traditional markets, crypto trading operates round-the-clock.
Conclusion
Futu Moomoo’s zero-commission model lowers barriers for Hong Kong investors entering the crypto market, combining accessibility with robust regulatory compliance. As demand grows, the platform is poised to expand its virtual asset services further.
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Investors should conduct independent research before making decisions.
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