Reported Earlier, Futu's Moomoo App Reaches One Million Downloads In Japan
Portfolio Pulse from Benzinga Newsdesk
Futu's Moomoo app has reached one million downloads in Japan since its launch. The app, which began offering U.S. stock trading in September 2023 and Japanese stock trading in March 2024, is operated by Moomoo Securities Japan Co., Ltd., a wholly-owned subsidiary of Futu. This subsidiary is licensed and a member of key financial and securities associations in Japan.
May 08, 2024 | 7:25 am
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Futu's Moomoo app reaching one million downloads in Japan signifies strong market penetration and user adoption in a new market. This milestone, coupled with the app's expansion into U.S. and Japanese stock trading, indicates a growing international presence and potential revenue growth for Futu.
The achievement of one million downloads in Japan is a significant indicator of Futu's successful market entry and user engagement. This expansion into offering both U.S. and Japanese stock trading through a fully licensed subsidiary not only broadens Futu's service offerings but also enhances its competitive edge in the Asian financial markets. The licensing and membership with Japan's financial and securities associations further legitimize Moomoo's operations, potentially increasing investor confidence in Futu's stock.
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