Hong Kong’s leading online brokerage, Futu Securities International, has unveiled an enticing promotional offer aimed at attracting new customers: deposit bonuses in Bitcoin.

This initiative, running from Aug. 1 to Aug. 31, 2024, provides significant incentives for individuals to open accounts and start their trading journey with the brokerage.

The eligibility criteria for this promotional offer are quite specific. It targets individuals who are at least 18 years old, have never held a Futu HK brokerage account, and have not deposited funds with Futu HK before Aug. 1, 2024. Moreover, participants must possess a Hong Kong resident identity card or an overseas passport.

To qualify for the deposit rewards, new customers must meet certain deposit thresholds and maintain an average daily asset balance over a specified period. The rewards are tiered based on the deposit amount. For the first tier, a minimum deposit of 10,000 Hong Kong dollars (HKD) is required by Aug. 31, 2024, along with an average daily asset balance of 10,000 HKD for 60 days. Participants in this tier can choose from three rewards: a share of Alibaba, a 400 HKD ($51) supermarket voucher, or 600 HKD ($76) in Bitcoin. These rewards will be credited within 10 trading days, 60 days after the promotion ends.

The second tier offers more substantial rewards, requiring a minimum deposit of 80,000 HKD and an average daily asset balance of 80,000 HKD ($10,245) for 60 days. Participants in this tier can choose between a share of Nvidia or 1,000 HKD ($128) in Bitcoin.

Futu Securities’ introduction of digital currency trading services, regulated by the Hong Kong Securities Regulatory Commission, marks a significant milestone. Launched on Aug. 1, these services include spot trading pairs such as Bitcoin (BTC) and Ether (ETH), allowing customers to directly purchase digital currencies using Hong Kong dollars and US dollars at real-time exchange rates.

July saw Hong Kong introduce a pioneering stablecoin regulatory framework, following a two-month public consultation process that concluded in February. This regulatory advancement has been widely welcomed by stakeholders and is expected to pave the way for further innovation in the digital currency space.

Futu Securities’ latest promotional offer and the recent regulatory developments in Hong Kong underscore the region’s growing influence in the global cryptocurrency market. By offering Bitcoin rewards, Futu Securities aims to attract a new wave of investors and provide them with various incentives to explore the world of digital currencies.