Futu Securities supports cryptocurrency trading alongside stocks on Hong Kong's NiuNiu platform.
US and global regulators are promoting widespread adoption and Bitcoin reserve initiatives.
As global financial institutions increasingly embrace cryptocurrency, Futu Securities International Hong Kong is stepping into a prominent position.
Hong Kong's cryptocurrency surprise
The city's largest online brokerage has officially launched a cryptocurrency deposit service, allowing qualified investors to trade Bitcoin [BTC], Ethereum [ETH], and USDT alongside traditional assets.
Users can easily switch between digital and traditional markets, marking a significant step in connecting traditional finance with the rapidly evolving cryptocurrency world.
User X named _FORAB added,
Online brokerage firms are counting down to enter the world of cryptocurrency and access stablecoins.
Hong Kong's efforts to become a global cryptocurrency hub are not just isolated developments.
With the deployment of the ASPIRe framework, tax incentives for institutional investors, and the approval of the first Bitcoin ETF and Ether spot in Asia, the city is actively positioning itself at the forefront of the digital asset revolution.
Is the United States a pioneer?
This assertive approach coincides with new regulatory momentum in the United States, where Paul Atkins has taken the helm of the Securities and Exchange Commission (SEC), promising a clearer stance on cryptocurrency regulation.
The SEC has also established a dedicated working group to build a comprehensive regulatory framework for digital assets, signaling a shift in federal oversight.
Meanwhile, Donald Trump's proposal for a National Bitcoin Reserve has generated a wave of legislative activity at the state level.
Regions such as Texas, Arizona, and New Hampshire are working to establish their own reserves to timely accompany the growing cryptocurrency economy.
The renewed push from the United States for cryptocurrency regulation and acceptance at the state level has sparked a ripple effect beyond borders, creating global momentum.
Switzerland is exploring adding Bitcoin to its national reserves, while South Korean presidential candidate Han Dong-hoon is advocating for the removal of regulations and the approval of a Bitcoin ETF.
In Vietnam, Techcombank Securities is preparing for a historic IPO by integrating cryptocurrency tools into its platform, marking an important step in bringing cryptocurrency into the mainstream.
These developments underscore the role of the United States in digital asset policy, shaping not only its financial future but also influencing other countries in accelerating cryptocurrency adoption.
Current market trends
The global shift in sentiment towards cryptocurrency coincides with a significant increase in market activity.
According to the latest update, the total cryptocurrency market capitalization has risen to $3.09 trillion, reflecting a daily increase of 3.10%, according to CoinMarketCap.
Bitcoin is approaching the iconic $100K mark, trading at $99,749.24 after a 2.88% increase, while Ethereum is also showing strong momentum with a 5.27% rise, reaching $1,943.46.
Meanwhile, Visa's on-chain analytics data for April reveals that USDT led transaction volume with $421.61 billion, surpassing USDC and other stablecoins.
These indicators collectively show an increasing global participation and reinforce the narrative of cryptocurrency's expanding reach in both institutional and retail sectors.
Source: https://tintucbitcoin.com/thi-truong-chung-khoan-chau-a-chap-nhan-usdt-usdc/
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