Jakarta, Pintu News – Futu Securities, a technology-based securities company in Hong Kong, is testing a cryptocurrency deposit feature.
Currently, the company supports Bitcoin , Ethereum , and Tether , allowing users to trade stocks in the United States, Hong Kong, and Japanese markets using Tether (USDT) and USD Coin .
This move marks a new era in stock trading, where cryptocurrencies are beginning to be accepted as legal tender.
Check out the full information here!
The experimentation of crypto trading by traditional financial companies greatly impacted the global market.
First, it shows that cryptocurrencies are increasingly recognized as a legitimate asset class in the economic system.
Secondly, by testing crypto trading, financial companies can 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.
Third, by adopting cryptocurrencies, these companies can increase innovation and adaptation in their services, while strengthening their position in the highly competitive financial market.
Also read: Arizona Officially Launches Its First Bitcoin Reserve Fund, What are the Future Prospects?
By introducing payment options via Tether (USDT) and USD Coin (USDC), Futu Securities is paving the way for wider integration between the stock and crypto markets. This not only eases cross-border transactions but also offers higher liquidity and faster transaction speeds.
In addition, 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.
Also read: Oregon Passes ‘SB 167 Oregon’, Officially Recognizing Cryptocurrency as Collateral!
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.
In addition, 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.
The 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.
That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.
Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, experience web trading with advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!
*Disclaimer
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.
Reference