BIT Securities Launches Hong Kong Stock Trading With Stablecoins

| odaily.news
BIT Securities launched Hong Kong stock trading on 12 October, expanding its platform beyond US equities and digital assets to include listed options and Hong Kong shares. The service covers Hong Kong Stock Exchange Main Board and GEM stocks, IPO subscriptions, margin financing and stock transfers. Users can deposit and withdraw USDT or USDC, which BIT says can settle in seconds and are available 24/7, without requiring a bank account or conversion into Hong Kong dollars. BIT Securities says its licensed-broker model gives customers ownership of actual shares, including dividend and voting rights, rather than tokenised stocks or stock-linked perpetual contracts. The service is operated by BIT subsidiary Matrix Gelephu Pte. Ltd. under a licence in Bhutan’s Gelephu Mindfulness City, with Hong Kong-licensed broker Atomic Vaults Asia handling execution and custody. It is unavailable to Hong Kong residents and users in other restricted jurisdictions. Promotional offers, including commission-free trading and IPO financing benefits, are available to eligible users through 11 November 2026. The launch broadens BIT Securities’ cross-market offering, but there is no evidence of an immediate effect on crypto prices.
Neutral
The launch expands BIT Securities’ investment products, but the reports identify no direct catalyst for changes in the prices of USDT or USDC. In the short term, stablecoin funding and access to Hong Kong shares may attract users to the platform, yet that does not necessarily create meaningful buying or selling pressure in either token. USDT and USDC are designed to track the US dollar, so their prices are generally driven more by reserve confidence, liquidity and market-wide stablecoin demand than by a broker adding a stock-trading service. Over the longer term, connecting securities and crypto markets could increase the use of stablecoins for transfers and settlement. However, the summaries provide no evidence that this launch will materially change token demand, liquidity or broader market stability. The expected price impact on the mentioned cryptocurrencies is therefore neutral.