BIT opens Hong Kong share trading with stablecoin funding and an HKD conversion step

BIT Securities opened Hong Kong share trading on 12 October, extending its equities service to Main Board and GEM stocks, IPO subscriptions and margin trading. Eligible users can fund through USDT or USDC. The company expressly excludes Hong Kong residents and other restricted jurisdictions from the service.[1]

BIT identifies Matrix Gelephu Pte. Ltd. as the operating entity and Atomic Vaults Asia as the execution and custody provider. It says customers hold beneficial ownership of the shares, with shareholder rights subject to applicable market and intermediary arrangements.[1]

The GFSO’s official register independently lists Matrix Gelephu as active, with permission for dealing in investments as agent and providing custody, effective from 3 July 2025. This is the Bhutan entity’s regulatory record.[4]

The funding instructions make a consequential distinction between holding trading cash and borrowing it. Stablecoin deposits support a conversion into Hong Kong dollars; they are not described as the settlement currency for the shares.[2]

BIT distinguishes a near-real-time Fast channel from a Standard batch generally credited within 24 hours, with possible holiday and banking-hour delays. If Fast capacity is exhausted, the user can resubmit through Standard. A cash order depends on the resulting HKD credit.[2]

The launch campaign ends at 23:59 UTC+8 on 11 November. Its commission waiver leaves platform fees and third-party charges payable. For margin IPO subscriptions, the interest-free financing allowance is capped at HK$400,000 per application. Interest is charged first and refunded within 30 calendar days after the campaign ends; financing above the allowance attracts the standard rate. The advertised saving therefore includes a delayed reimbursement, rather than eliminating every initial cash debit.[3]

HKD withdrawals use bank wires, with a HK$1,250 minimum and a flat HK$250 platform fee; additional bank charges may apply.[2]

The service puts funding and order entry in one interface. A useful cost comparison follows the money through conversion, execution and any borrowing, including the initial cash needed before an IPO interest refund arrives.

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