Hong Kong’s leading online brokerage, Futu Securities International, has launched an enticing promotional campaign for August, aimed at drawing new investors with the lure of Bitcoin bonuses.
Throughout this month, individuals who open their first Futu HK brokerage account and meet specific criteria are eligible for various incentives to jumpstart their investment portfolios.
Valid from August 1 to August 31, 2024, the promotion is designed for individuals aged 18 and above who have never previously held or deposited funds into a Futu HK account before this period.
Eligible participants are required to possess a Hong Kong resident identity card or an overseas passport, marking their entry into the investment world.
Tiered Bonuses to Boost New Deposits
Futu’s structured rewards program offers multiple tiers of bonuses based on the deposit amount and maintained asset balance. For the first tier, a minimum deposit and a maintained average daily asset balance of HK$10,000 for 60 days are required.
Participants can choose from rewards such as a share of Alibaba, a HK$400 supermarket voucher, or HK$600 worth of Bitcoin. These rewards will be credited to users’ accounts within ten trading days following the 60-day period.
Moreover, the second-tier reward necessitates a higher threshold with a minimum deposit and a maintained balance of HK$80,000. Participants achieving this tier can select between a share of Nvidia or HK$1,000 in Bitcoin.
Enhanced Trading Options and Regulatory Advances
Concurrent with the promotional offer, Futu Securities has also launched new digital currency trading services, regulated by the Hong Kong Securities Regulatory Commission as of August 1. This service facilitates spot trading for pairs such as Bitcoin and Ethereum, allowing transactions in Hong Kong dollars and US dollars at real-time rates.
This introduction follows closely on the heels of Hong Kong’s newly established stablecoin regulatory framework, introduced in July. The framework, which was developed following extensive public consultation earlier in the year, has been widely accepted among local financial stakeholders, marking a significant step in Hong Kong’s cryptocurrency regulation.
Futu Securities’ innovative approach to integrating cryptocurrency incentives for new investors not only diversifies their investment options but also aligns with Hong Kong’s evolving regulatory landscape for digital currencies.
Also Read: Hong Kong Legislator Proposes Bitcoin for Financial Reserves
