Futu Securities International, the premier online stock brokerage headquartered in Hong Kong, has unveiled trading services for bitcoin (BTC) and ether (ETH). To captivate clientele, Futu is offering enticing rewards: shares of Chinese e-commerce behemoth Alibaba Group (BABA) and leading AI chipmaker Nvidia (NVDA), as reported by the South China Morning Post.

Positioning itself as Hong Kong’s foremost technology broker, Futu is aggressively expanding its cryptocurrency offerings. The brokerage has temporarily waived commission fees to attract new users. According to the company’s website, as of March 31, Futu boasted 22.5 million registered users and 1.9 million paying clients.

Hong Kong investors who initiate accounts in August and deposit HK$10,000 (approximately $1,280) within the next 60 days can choose from several rewards: bitcoin valued at HK$600, a HK$400 supermarket voucher, or an Alibaba share. Those depositing HK$80,000 can opt for HK$1,000 in bitcoin or a single Nvidia share.

Futu’s foray into crypto trading is facilitated through a partnership with HashKey Exchange, one of only two licensed cryptocurrency exchanges in Hong Kong. Additionally, Futu is pursuing a license to extend these services through its subsidiary Panthertrade, currently operating under a deemed-to-be-licensed status by Hong Kong’s Securities and Futures Commission, allowing it to offer crypto services pending full approval.

This strategic move aligns with Hong Kong’s robust support for the cryptocurrency sector, underscoring its ambition to emerge as a global crypto hub. Recently, the city approved spot crypto exchange-traded products for trading, reinforcing its commitment to fostering a thriving crypto ecosystem.