News
Tiger Brokers obtains license to expand crypto services to retail traders in Hong Kong
Tiger Brokers (HK) has obtained a license from the Hong Kong regulator to offer virtual asset trading services to retail clients. This approval allows retail investors in Hong Kong to trade Bitcoin (BTC) and Ethereum (ETH) through Tiger Trade, the company’s flagship platform. This move came after Tiger Brokers initially introduced virtual asset trading services exclusively for professional investors.
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John Fei Zeng, Chief Financial Officer and Director of Tiger Brokers quoted: “We have seen growing interest among investors in investing in virtual assets. Many investors hold not only virtual assets but also stocks and other assets in their portfolios. Tiger Brokers aims to provide a safe, convenient and affordable platform for everyone Hong Kong investors, allowing them to trade both traditional financial securities and virtual assets within a single app.”
“This eliminates the need to open multiple accounts on different platforms and improves capital efficiency. For example, when a major event occurs in the stock market, investors can sell their virtual assets and immediately buy stocks on Tiger Trade to seize quickly the opportunity.”
Tiger Trade allows users to manage a variety of global assets, including stocks, options, futures, US Treasuries and funds, along with virtual assets. The company’s journey to expansion
virtual resource services to retail investors began with the SFC’s update of the Type 1 licensing conditions in January.
Regulatory stages
The firm launched virtual asset trading services for Hong Kong investors in early May, marking its entry into the fast-growing virtual asset sector. Tiger Brokers has now expanded its services to include retail investors as it engages in the rapidly expanding digital asset market.
According to the company, the commission rate for retail investors in the new offering is 0.2% of the transaction amount, with no custodial fees. The new offer promises instant settlement for virtual asset trading and 24/7 trading availability.
In January, UP Fintech Holding Limited, the operator of online brokerage platform Tiger Trade, approval assured by the Hong Kong Securities and Futures Commission to update its license to include virtual asset trading. This mandate made UP Fintech one of the first brokerage firms in Hong Kong to offer digital asset trading services.
The company offers its users trading services across multiple asset classes from a single account by integrating digital asset trading into the Tiger Trade platform as well as stocks, options, futures and funds. The unified Tiger Trade platform offers professional investors a means to access traditional securities and cryptocurrencies.
Tiger Brokers (HK) has obtained a license from the Hong Kong regulator to offer virtual asset trading services to retail clients. This approval allows retail investors in Hong Kong to trade Bitcoin (BTC) and Ethereum (ETH) through Tiger Trade, the company’s flagship platform. This move came after Tiger Brokers initially introduced virtual asset trading services exclusively for professional investors.
John Fei Zeng, Chief Financial Officer and Director of Tiger Brokers quoted: “We have seen growing interest among investors in investing in virtual assets. Many investors hold not only virtual assets but also stocks and other assets in their portfolios. Tiger Brokers aims to provide a safe, convenient and affordable platform for everyone Hong Kong investors, allowing them to trade both traditional financial securities and virtual assets within a single app.”
Dedicated Forex cloud solutions with stable and fast cross-border connections capable of high-demand scenarios. Alibaba Cloud helps Forex traders trade securely and globally. Click to learn more!
“This eliminates the need to open multiple accounts on different platforms and improves capital efficiency. For example, when a major event occurs in the stock market, investors can sell their virtual assets and immediately buy stocks on Tiger Trade to seize quickly the opportunity.”
Tiger Trade allows users to manage a variety of global assets, including stocks, options, futures, US Treasuries and funds, along with virtual assets. The company’s journey to expansion
virtual resource services to retail investors began with the SFC’s update of the Type 1 licensing conditions in January.
Regulatory stages
The firm launched virtual asset trading services for Hong Kong investors in early May, marking its entry into the fast-growing virtual asset sector. Tiger Brokers has now expanded its services to include retail investors as it engages in the rapidly expanding digital asset market.
According to the company, the commission rate for retail investors in the new offering is 0.2% of the transaction amount, with no custodial fees. The new offer promises instant settlement for virtual asset trading and 24/7 trading availability.
In January, UP Fintech Holding Limited, the operator of online brokerage platform Tiger Trade, approval assured by the Hong Kong Securities and Futures Commission to update its license to include virtual asset trading. This mandate made UP Fintech one of the first brokerage firms in Hong Kong to offer digital asset trading services.
The company offers its users trading services across multiple asset classes from a single account by integrating digital asset trading into the Tiger Trade platform as well as stocks, options, futures and funds. The unified Tiger Trade platform offers professional investors a means to access traditional securities and cryptocurrencies.