Futu Securities Tests Cryptocurrency Deposit Feature, Opening a New Era in Stock Trading

Jakarta, Pintu News – Futu Securities, a technology-based securities company in Hong Kong, is testing a cryptocurrency deposit feature.

Currently, the company supports Bitcoin Tether (USDT) and USD Coin (USDC) for a limited number of users in a beta test. This move marks a new era in stock trading, where cryptocurrencies are beginning to be accepted as legal tender.

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The experimentation of crypto trading by traditional financial companies has greatly impacted the global market. First, it shows that cryptocurrencies are increasingly recognized as a legitimate asset class in the economic system.

Also, financial companies are testing crypto trading to attract a significant new customer base, especially the younger generation interested in blockchain technology. The initiative also reflects a change in financial institutions’ perceptions of the risk and potential of cryptocurrencies.

Finally, by adopting cryptocurrencies, these companies can increase innovation and adaptation in their services, while strengthening their position in the highly competitive financial market.

Enter Tether (USDT) and USD Coin (USDC) payment options

The company, which is also listed on the U.S. stock market, is testing a feature that allows users to deposit Tether (USDT) and USD Coin (USDC) for trading in the company's app.

The company's statement mentions that the company's original users can apply for the beta program to gain access to the cryptocurrency deposit and withdrawal service. The service is currently in the testing phase and may be adjusted based on user feedback.

This integration aims to simplify cross-border transactions, offer higher liquidity, and enable faster transaction speeds compared to traditional banking systems.

Moreover, using cryptocurrencies in stock trading can reduce transaction costs and improve access to global markets. The adoption of cryptocurrencies in stock trading may also affect stock price volatility.

As cryptocurrencies tend to be more volatile than traditional currencies, this can bring new dynamics in trading strategies and risk management for investors and traders.

While there are many advantages, integrating cryptocurrencies in stock trading also faces challenges. Regulatory and security issues are two major barriers that need to be overcome to ensure wider adoption.

Also, investors need to be educated on how cryptocurrencies work and the associated risks. However, with the development of technology and increasing acceptance of cryptocurrencies, the future outlook looks bright.

The companies that dare to take the first step in this integration will probably be the market leaders in the future, shaping a new standard in the financial industry.

This initiative by Futu Securities shows significant progress in how financial institutions adapt to new technologies. By continuously integrating cryptocurrencies such as Tether (USDT) and USD Coin (USDC) in their operations, these firms are improving efficiency and opening up new opportunities in stock trading.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.