EddieJayonCrypto
8 May 25
Several traditional financial companies worldwide are testing cryptocurrency trading, signaling growing acceptance and integration of digital assets with traditional finance. Futu Securities in Hong Kong allows users to trade stocks using cryptocurrencies like Bitcoin, Ethereum, and stablecoins USDT...
Traditional financial companies around the world are increasingly experimenting with cryptocurrency trading, highlighting a growing acceptance and fusion between traditional finance and digital assets.Futu Securities in Hong Kong is pioneering this movement by enabling cryptocurrency deposits including Bitcoin (BTC), Ethereum (ETH), and the stablecoin USDT for stock trading across multiple markets such as the US, Hong Kong, and Japan. This initiative marks a significant milestone in crypto adoption within mainstream finance.Meanwhile, Techcombank Securities (TCBS) in Vietnam has integrated a cryptocurrency price board into its platform. This addition aims to attract investors ahead of TCBS’s planned IPO by the end of 2025, reflecting Vietnam’s notably high crypto adoption rate, with over 21% of internet users owning digital assets.The surge in crypto trading trials conducted by traditional firms signals a strong legitimization of cryptocurrencies as an asset class. These trials also highlight the appeal of digital finance to younger, blockchain-savvy customers, enabling firms to expand their market reach.To manage the inherent volatility of cryptocurrencies, many financial institutions are incorporating stablecoins like USDT, which offer more price stability. Major players such as Visa, Bank of America, PayPal, Standard Chartered, Revolut, and Stripe are entering the stablecoin market to boost payment efficiency and capitalize on rising demand for crypto transactions.These developments underscore a clear shift in the financial landscape. Traditional firms are not only recognizing cryptocurrencies as legitimate assets but are strategically integrating them to attract new customer segments and innovate payment systems.In essence, the blending of cryptocurrency with conventional stock trading platforms, exemplified by Futu Securities and TCBS, heralds a transformative era where digital and traditional finance converge, setting the stage for broader institutional adoption and customer engagement in the coming years.