Futu Launches Virtual-Asset Margin Financing in Q2 as Revenue Climbs 36%

3 articles · Updated · Yahoo Finance · Aug 20

Futu became the first Hong Kong broker to offer securities-backed margin financing for virtual assets in Q2, using a unified buying-power framework to boost client capital efficiency.
Record trading volumes came from retail demand for AI-linked U.S. stocks and a strong Hong Kong IPO pipeline, which also lifted margin financing, while blended commission rates fell as trading shifted toward higher-priced U.S. tech shares and options.
New May 22 regulations triggered cumulative asset outflows equal to a mid-single-digit share of client assets, split roughly evenly between Mainland compliance adjustments and temporary Hong Kong risk-off selling; management said attrition began moderating in August.
Malaysia led client acquisition for a third straight quarter and reached operational breakeven, Singapore expanded margins, and Thailand entry still awaits final regulatory inspections as Futu steers more resources to overseas growth.