Futu Secures SFC Approval for Crypto Trading Loans in Hong Kong

Hong Kong-based online brokerage Futu has received approval from the Hong Kong Securities and Futures Commission (SFC) to offer loan services specifically for cryptocurrency trading.

This makes Futu the first broker in the city to provide such a service, marking a significant step in the integration of traditional finance and digital assets.

The new service allows eligible investors to finance their cryptocurrency trades by using traditional financial assets, such as stocks and other securities, as collateral.

This effectively extends the existing framework for securities margin trading to cover cryptocurrency transactions, providing clients with a more capital-efficient way to access cryptocurrency markets.