简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Tiger Brokers has received a license from the Hong Kong regulator to provide virtual asset trading services to retail clients.
Tiger Brokers has received a license from the Hong Kong regulator to provide virtual asset trading services to retail clients. This authorization enables retail investors in the region to trade Bitcoin and Ethereum via Tiger Trade, the company's primary platform. Initially, these virtual asset trading services were available only to professional investors.
John Fei Zeng, the Chief Financial Officer and Director of Tiger Brokers, emphasized the growing interest among investors in virtual asset investments. He observed that many investors hold virtual assets alongside stocks and other assets in their portfolios. He explained that Tiger Brokers aims to offer a secure, convenient, and cost-effective platform for all Hong Kong investors, enabling them to trade both traditional financial securities and virtual assets within a single app.
This integration removes the need to open multiple accounts on various platforms and improves capital efficiency. For example, during significant stock market events, investors can sell their virtual assets and immediately purchase securities on Tiger Trade to quickly seize opportunities.
Tiger Trade allows users to manage a diverse range of global assets, including stocks, options, futures, US Treasury bonds, and funds, along with virtual assets. The company's effort to expand its virtual asset services to retail investors started with the SFC's upgrade of its Type 1 license conditions in January.
In early May, the firm launched virtual asset trading services for Hong Kong investors, marking its entry into the rapidly expanding virtual asset sector. Tiger Brokers has now broadened its services to include retail investors, showing its commitment to the growing digital asset market.
The company indicated that the commission rate for retail investors in the new offering is 0.2% of the transaction amount, with no custody fees. The new service offers instant settlement for virtual asset trades and 24/7 trading availability.
In January, UP Fintech Holding Limited, the operator of the Tiger Trade online brokerage platform, received approval from the Hong Kong Securities and Futures Commission to enhance its license to include dealing in virtual assets. This approval positioned UP Fintech as one of the first brokerage companies in Hong Kong to offer digital asset trading services.
By incorporating digital asset trading into the Tiger Trade platform, the company provides trading services across various asset classes from a single account. This unified platform gives professional investors access to both traditional securities and crypto assets.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
ATFX upgrades MT4/MT5 servers at Equinix Hong Kong and London, boosting low-latency trading, enhancing global network performance, and optimizing infrastructure.
ICE Futures U.S. recently announced the settlement of charges against StoneX Financial Inc. related to potential violations of the Exchange Rule, which prohibits trade practices such as wash sales and prearranged trades. These charges were connected to an incident that occurred on April 27, 2023, where an employee of StoneX allegedly placed opposing buy and sell orders in the Cocoa Futures spread market.
The Labuan Financial Services Authority (LFSA) has introduced new restrictions on locally regulated forex and contracts for differences (CFDs) brokers, limiting their offerings to currency-related instruments such as spot FX and CFDs on foreign exchange.
The Italian financial services regulator, Consob, has taken decisive action against four new websites that were found to be illegally offering unauthorized financial services.