Nasdaq-listed brokerage Futu has opened $BNB deposits and withdrawals for eligible professional investors in Hong Kong, allowing clients to move the token between self-custody wallets and Fut
Nasdaq-listed brokerage Futu has opened $BNB deposits and withdrawals for eligible professional investors in Hong Kong, allowing clients to move the token between self-custody wallets and Futu crypto accounts over @BNBCHAIN.
The change was announced on October 23, according to Crypto Briefing. It was rolled out through Futu Securities International (Hong Kong) Limited, the group's Hong Kong subsidiary. @cz_binance shared the news, noting that Futu also operates as moomoo in markets including the US and Japan.
Transfers run on BNB Smart Chain using the BEP20 token standard. Deposits flow from a user's self-custody wallet into a Futu crypto account. Withdrawals carry more checks: Crypto Briefing reports that Futu only sends BNB to addresses that have been verified and whitelisted in advance, and that withdrawals typically finish processing by 6:00 PM HKT on the third business day.
Futu is not charging extra platform fees for BNB transactions until further notice, though withdrawals carry a network fee of roughly 0.000055 BNB, per the same report. The service is limited to professional investors, a category in Hong Kong with high-net-worth thresholds. One example cited is a portfolio worth HK$8 million.
Until now, BNB could only be traded inside Futu's platform. U.Today noted that users of the Futubull and moomoo brands could previously trade BNB only within the company's closed loop. Eligible investors can now move the token directly between external wallets and their brokerage accounts.
The deposit and withdrawal feature follows Futu's earlier BNB move. In July, Futu Securities International (Hong Kong) began offering BNB spot trading to eligible professional investors. According to an announcement relayed by PANews and shown on Futubull's company page, it was the first licensed brokerage in Hong Kong to offer BNB order-book trading pairs. Futu said the listing relied on PantherTrade, its self-built virtual asset platform, which lists tokens in line with Hong Kong Securities and Futures Commission (SFC) standards.
PantherTrade (Hong Kong) Limited received its SFC virtual asset trading platform licence on 27 January 2025, according to Hong Kong Crypto's review of the platform. Futu has said it intends to keep aligning with the SFC's regulatory roadmap and add more mainstream cryptocurrencies within a compliant framework.
For BNB, the update gives it a more direct on-chain link to a regulated broker with a large retail user base in Asia, though access remains restricted to professional investors for now.
Crypto Briefing: Futu opens BNB deposits and withdrawals to Hong Kong professional investorsU.Today: Binance Coin (BNB) Bags Major Hong Kong ListingFutubull: Futu Holdings (FUTU) news
