Futu Securities International (Hong Kong) Limited has announced the official launch of deposit services for Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). Following this update, the company’s Managing Director, Xie Zhijian, stated that Futu is also planning to introduce withdrawal functionality and support deposits and withdrawals for more major cryptocurrencies in the future. These steps are part of a broader strategy to build a more diversified investment platform for crypto investors.
The move signals Futu’s growing commitment to integrating digital asset services alongside its traditional financial offerings, providing users with a more comprehensive and flexible investment experience.
Expanding Crypto Services for Global Investors
The introduction of deposit services for leading cryptocurrencies like BTC, ETH, and USDT allows Futu’s users to seamlessly move digital assets into their investment accounts. This not only enhances liquidity options but also aligns with growing retail and institutional interest in cryptocurrency diversification.
According to Xie, the planned rollout of withdrawal capabilities will offer even greater flexibility, enabling users to transfer assets outside the Futu ecosystem when desired. Moreover, expanding the range of supported cryptocurrencies will likely include other high-market-cap assets, providing investors with more avenues for portfolio allocation.
These developments reflect a trend among traditional financial service providers to incorporate digital assets in response to client demand and market evolution. 👉 Explore more strategies for digital asset management
Broader Financial Market Context
The expansion of Futu’s crypto services comes amid significant movements in global financial markets.
In the first half of 2025, the USD/JPY currency pair registered a cumulative decline of 9%, marking one of its strongest performances in recent years.
Meanwhile, robust U.S. non-farm payroll data in June indicated continued economic resilience despite external trade pressures. This strength has considerably dampened market expectations for a Federal Reserve rate cut in July.
In legislative developments, the U.S. House of Representatives passed the revised "Big and Beautiful Act," which had been amended by the Senate. The bill is expected to be signed into law by President Trump ahead of the July 4 deadline.
These factors collectively pushed the 10-year U.S. Treasury yield to 4.35%. Major U.S. stock indices also climbed, with the Dow Jones rising 0.77%, the S&P 500 gaining 0.83% to close at 6,279 points, and the Nasdaq increasing 1.02% to finish at 20,601 points—both the S&P and Nasdaq reached new all-time highs. The Golden Dragon Index, which tracks Chinese companies listed in the U.S., also rebounded, rising 0.4%.
Commodities and Currency Reactions
The strong U.S. economic data also influenced other asset classes. Gold prices fell by 1% on Thursday, July 3, as the reduced likelihood of near-term Federal Reserve rate cuts decreased the appeal of non-yielding assets like bullion.
In currency markets, the British Pound (GBP) rose against the Japanese Yen (JPY), supported by stronger-than-expected U.S. employment figures. This data improved global risk sentiment, thereby pressuring traditional safe-haven currencies like the JPY.
Bitcoin’s Market Performance Highlights Demand
Amid these macroeconomic shifts, Bitcoin has captured significant attention with its notable price performance. Recently, BTC broke through the $110,000 mark, triggering a mix of bullish momentum and increased bearish sentiment.
On Friday, July 4, Bitcoin extended its gains, climbing nearly 1% to reach an intraday high of $110,529. Although it later retraced slightly below the $110,000 level, it continues to trade strongly, with its price hovering near all-time highs.
With the current record high for Bitcoin standing at $120,000, the narrowing gap of roughly $1,000 has drawn intense focus from investors and traders worldwide. This sustained upward trend underscores the growing institutional and retail adoption of cryptocurrencies as legitimate investment vehicles.
Frequently Asked Questions
What cryptocurrencies can I deposit on Futu currently?
As of now, Futu supports deposits for Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). The company has announced plans to add more cryptocurrencies in the future.
When will Futu enable cryptocurrency withdrawals?
Futu’s management has confirmed that withdrawal functionality is under development and will be introduced in a future update, although a specific timeline has not yet been provided.
How do global economic events influence cryptocurrency prices?
Macroeconomic factors, such as U.S. employment data, Federal Reserve policy expectations, and currency fluctuations, can significantly impact investor sentiment, liquidity, and risk appetite, thereby affecting crypto market trends.
Why did gold prices fall when U.S. jobs data was strong?
Strong economic data reduces the expectation of interest rate cuts, which makes yield-bearing assets more attractive relative to gold, a non-yielding safe-haven asset, leading to potential price decreases.
What does Bitcoin’s approach to its all-time high signify?
It reflects strong market demand, increasing institutional interest, and growing acceptance of Bitcoin as a store of value, though it may also indicate periods of higher volatility.
Are traditional financial firms like Futu expanding into crypto?
Yes, many established financial service providers are integrating crypto services such as trading, deposits, and withdrawals to meet client demand and remain competitive in the evolving digital asset landscape.