Operator: Hello, ladies and gentlemen. Well, to Futu Holdings’ First Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.
While Futu is planning to offer crypto services internationally, it will exclude mainland China.
Per Robin Li Xu, Futu intends to launch its crypto services in the second half of 2021.
While adopting crypto will offer Futu an edge against Robinhood, Robinhood is planning to go public.
Futu Holdings Ltd., a rapidly growing crypto brokerage firm in China, is planning to offer crypto trading to international clients before the end of the year. The company unveiled this news during its Q1 earnings call on May 20, with its Senior Vice President Robin Li Xu, disclosing that the firm has already started applying for crypto-related licenses in the US, Singapore, and Hong Kong.