Futu Securities, a leading online brokerage platform, has announced official support for Bitcoin (BTC) and Ethereum (ETH) deposits, according to its latest website update. This move marks a significant step in integrating traditional finance with cryptocurrency services for eligible users.
Key Features
- Supported Cryptocurrencies: BTC and ETH deposits are now available for verified users with active securities accounts.
Minimum Deposit Limits:
- BTC: 0.0002 BTC
- ETH: 0.001 ETH
- USDT Restriction: Tether (USDT) deposits are exclusively available to professional investors.
- Network Requirements: Users must deposit via personal wallets (not exchange wallets) on specified blockchain networks.
- Regional Availability: Currently limited to Hong Kong, with future expansion planned for Singapore.
Technical and Compliance Details
- Infrastructure: Powered by HashKey’s institutional-grade custody solutions.
- Withdrawals: Cryptocurrency withdrawals are not yet supported.
- Security Measures: Deposits from exchange wallets or non-compliant networks will be rejected to ensure regulatory adherence.
👉 Learn more about cryptocurrency integration in traditional finance
FAQs
1. Who can deposit cryptocurrencies into Futu Securities accounts?
Only users with verified securities accounts in Hong Kong (and soon Singapore) can deposit BTC/ETH.
2. Why can’t I deposit USDT?
USDT deposits are restricted to professional investors due to regulatory classifications.
3. What happens if I send funds from an exchange wallet?
Transactions originating from exchange wallets will fail—only personal wallet transfers are accepted.
4. When will cryptocurrency withdrawals be enabled?
No official timeline has been announced. Follow Futu’s updates for future developments.
5. Are there plans to support other cryptocurrencies?
Futu may expand its offerings based on demand and regulatory approvals.
Conclusion
Futu Securities’ integration of BTC/ETH deposits bridges a critical gap between traditional investing and digital assets, albeit with strict compliance measures. As regulations evolve, this service could set a precedent for broader cryptocurrency adoption in brokerage platforms.
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