Futu Announces Its Moomoo App Has Reached One Million Downloads in Japan

Rhea-AI Summary

Futu Holdings announced that its moomoo app has reached one million downloads in Japan. Moomoo started offering U.S. stock trading in September 2023 and Japanese stock trading in Japan in March 2024. Futu's subsidiary, Moomoo Securities Japan Co., , holds the FIBO license in Japan and is a member of various financial associations.

Positive

• Futu's moomoo app reaching one million downloads in Japan signifies a strong user adoption rate and potential for growth in the Japanese market.

Negative

• None.

HONG KONG, May 08, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that its moomoo app has reached one million downloads in Japan, according to data.ai. Moomoo officially launched its brokerage business in Japan in September 2023. It started offering U.S. stock trading in the same month, and subsequently launched Japanese stock trading in Japan in March 2024.

Futu’s wholly-owned subsidiary, Moomoo Securities Japan Co., Ltd., holds the Financial Instruments Business Operators (FIBO) license in Japan. It is also a member of Japan Securities Dealers Association (JSDA), Japan Investment Advisers Association (JIAA), Tokyo Stock Exchange and Osaka Securities Exchange.

About Futu Holdings Limited

Futu Holdings Limited (Nasdaq: FUTU) is an advanced technology company transforming the investing experience by offering fully digitalized financial services. Through its proprietary digital platforms, Futubull and moomoo, the Company provides a full range of investment services, including trade execution and clearing, margin financing and securities lending, and wealth management. The Company has embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders. The Company also provides corporate services, including IPO distribution, investor relations and ESOP solution services.

Investor Contact

Investor Relations
Futu Holdings Limited
ir@futuholdings.com

FAQ

When did Futu's moomoo app officially launch its brokerage business in Japan?

Moomoo officially launched its brokerage business in Japan in September 2023.

What kind of trading does Moomoo offer in Japan?

Moomoo started offering U.S. stock trading in September 2023 and Japanese stock trading in Japan in March 2024.

What license does Futu's subsidiary, Moomoo Securities Japan Co., , hold in Japan?

Moomoo Securities Japan Co., holds the Financial Instruments Business Operators (FIBO) license in Japan.

Which financial associations is Futu's subsidiary, Moomoo Securities Japan Co., , a member of?

Moomoo Securities Japan Co., is a member of Japan Securities Dealers Association (JSDA), Japan Investment Advisers Association (JIAA), Tokyo Stock Exchange, and Osaka Securities Exchange.