Futu Securities International, Hong Kong’s leading online brokerage, has launched a compelling promotional campaign to attract new customers by offering deposit bonuses in Bitcoin. This initiative, which runs from August 1 to August 31, 2024, is aimed at enticing a fresh wave of investors to open accounts and delve into the world of trading.
Eligibility and Criteria
The offer is available to individuals who are at least 18 years old and have never held a Futu HK brokerage account nor deposited funds with Futu HK prior to August 1, 2024. Additionally, participants must possess either a Hong Kong resident identity card or an overseas passport.
Deposit Rewards and Tiers
The rewards for new deposits are structured into tiers, each offering distinct benefits. The first tier requires a minimum deposit of 10,000 Hong Kong dollars (HKD) by August 31, 2024, and maintaining an average daily asset balance of 10,000 HKD for 60 days. Participants have the option to choose between a share of Alibaba, a 400 HKD ($51) supermarket voucher, or 600 HKD ($76) worth of Bitcoin. These rewards will be credited or issued within 10 trading days, 60 days after the promotional period ends.
The second-tier reward necessitates a more significant investment—a minimum deposit of 80,000 HKD and an average daily asset balance of 80,000 HKD ($10,245) for 60 days. For this tier, participants can select between a share of Nvidia and 1,000 HKD ($128) in Bitcoin.
Strategic Move in Digital Currency Trading
Futu Securities’ promotional campaign aligns with its broader strategy to enhance its digital currency trading services. As of August 1, the company, regulated by the Hong Kong Securities Regulatory Commission, has introduced trading pairs like Bitcoin (BTC) and Ether (ETH). This service enables customers to purchase digital currencies using Hong Kong dollars and US dollars at real-time exchange rates, thereby simplifying the process of investing in cryptocurrencies.
In a related development, Hong Kong has unveiled a new stablecoin regulatory framework that has been widely accepted by stakeholders. This framework follows a two-month public consultation process that concluded in February, signaling the region’s commitment to fostering a regulated and secure digital currency environment.
Impact on the Market
Futu Securities’ decision to offer Bitcoin deposit bonuses is a significant move in the increasingly competitive brokerage market. By providing incentives tied to cryptocurrencies, the company is not only attracting new customers but also promoting the adoption of digital currencies. This initiative could potentially influence other brokers to offer similar incentives, thereby accelerating the mainstream acceptance of cryptocurrencies.
Moreover, the introduction of digital currency trading services by Futu Securities marks a pivotal moment in the evolution of the financial landscape in Hong Kong. With the ability to trade BTC and ETH directly using local and international currencies, investors now have more accessible avenues to diversify their portfolios and explore the benefits of digital assets.
Conclusion
Futu Securities International’s promotional offer of Bitcoin deposit bonuses is a strategic move to attract new investors and expand its digital currency trading services. By setting clear eligibility criteria and tiered rewards, the company is providing a structured and appealing incentive for individuals to open accounts and explore the world of cryptocurrency trading. This initiative, coupled with Hong Kong’s new stablecoin regulatory framework, underscores the region’s commitment to fostering a secure and regulated digital currency environment. As the market continues to evolve, Futu Securities’ approach could set a precedent for other brokers, further promoting the mainstream adoption of cryptocurrencies.
