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Futu Securities International, Hong Kong’s premier online brokerage, has unveiled cryptocurrency trading services for its 22 million users. The platform now supports Bitcoin and Ether, marking a significant milestone as it becomes the first online brokerage to empower Hong Kong-based retail investors with direct access to the major cryptocurrencies.
This strategic move taps into the surging global interest in cryptocurrencies, coming just a week after the U.S. debuted its first spot Ether exchange-traded funds (ETFs). The timing coincides with a notable uptick in cryptocurrency investments, suggesting a robust influx of new capital into Bitcoin and Ether markets.
The launch reflects an optimistic outlook for the cryptocurrency sector, underscored by Bitcoin’s open interest reaching a record $39.4 billion. This surge hints at a potential price breakout, reinforcing the growing confidence among investors in the future of digital currencies.
