Tiger Brokers (HK) Integrates Crypto Trading, Eyeing Retail Market Expansionby Fintech News Hong Kong January 29, 2024
Tiger Brokers (HK) Global Limited announced the upgrade of its Type 1 licence to include virtual asset dealing services. This development reportedly positions Tiger Brokers (HK) amongst the first mainstream online brokerages in Hong Kong to integrate such services.
The company asserts that integrating cryptocurrency trading into Tiger Trade will provide professional investors with the convenience of trading traditional securities and cryptocurrencies on a single platform.
Eligible clients, notably Hong Kong residents possessing over HK$8 million in investable assets or corporates with assets above HK$40 million, are claimed to benefit from this expanded service.
Tiger Brokers (HK) also intends to extend virtual asset trading to retail investors, subject to regulatory approval. The firm emphasises the importance of centralised investment management, suggesting it enables clients to gauge risk across diverse asset classes better.
John Fei Zeng, Chief Financial Officer and Director of Tiger Brokers said, “Investor demand for digital assets continues to grow in Hong Kong and around the world, and we are pleased to expand our business scope to meet the growing demand of clients in this important market. Eligible clients will benefit from our low costs and the ability to trade crypto alongside many other global products from a single unified platform without needing to open an extra account.”
Featured image credit: Edited from Freepik