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Futu Holdings Limited (NASDAQ:FUTU) Q1 2023 Earnings Call Transcript

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. ....

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Robinhood's Chinese competitors want to get into the crypto frenzy by expanding into the US and Singapore

"What we know for sure is that we will not offer digital currency trading services to mainland China users," Futu said on an earnings call. ....

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Futu set to offer crypto services in the US, Singapore, and Hong Kong

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. ....

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Futu Holdings Limited (FUTU) Q1 2021 Earnings Call Transcript

FUTU earnings call for the period ending March 31, 2021. ....

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