Hong Kong broker offers new customers deposit bonuses in Bitcoin

Hong Kong’s largest online brokerage, Futu Securities International, is offering new customers deposit bonuses in Bitcoin as part of a promotional offer for individuals to open accounts.

According to information on the company’s website, from Aug. 1 to Aug. 31, 2024, new customers who meet specific criteria can benefit from various rewards, including substantial Bitcoin (BTC) bonuses. This initiative is designed to attract new investors and provide them with various incentives to start their trading journey.

The promotional offer is open to individuals 18 years or older who have never held a Futu HK brokerage account and have not deposited funds with Futu HK before Aug. 1, 2024. Additionally, participants must hold a Hong Kong resident identity card or an overseas passport.

Deposit rewards and criteria

The rewards for new deposits are tiered, offering various options for participants. The first tier reward requires a minimum deposit of HK$10,000 by Aug. 31, 2024, and an average daily asset balance of HK$10,000 for 60 days.

Participants can choose from three rewards: a share of Alibaba, a HK$400 ($51) supermarket voucher, or HK$600 ($76) in Bitcoin (BTC). The rewards will be issued or credited to the account within ten trading days, 60 days after the event ends.

However, the second tier reward requires a minimum deposit of HK$80,000 and an average daily asset balance of HK$80,000 ($10,245) for 60 days. Participants can choose between a share of Nvidia and HK$1,000 ($128) in Bitcoin (BTC).

Futu Securities launched digital currency trading services regulated by the Hong Kong Securities Regulatory Commission on Aug. 1. This service includes spot trading pairs like BTC and ETH, and allows customers to directly purchase digital currencies using Hong Kong dollars and US dollars at real-time exchange rates.

In July, Hong Kong introduced its novel stablecoin regulatory framework, garnering broad approval from stakeholders, following a two-month public consultation process that concluded in February.