Tiger Brokers Announces New Virtual Asset Trading Service for Retail Investors in Hong Kong
In Brief
Recently, Tiger Brokers has introduced virtual asset trading for retail investors in Hong Kong, allowing them to trade cryptocurrencies, stocks, and more.
An online brokerage from Hong Kong listed on NASDAQ Tiger Brokers has rolled out virtual asset trading services tailored for retail clients in Hong Kong. Currently, these users can trade various global assets, including Bitcoin and Ethereum, alongside stocks, options, futures, and U.S. Treasury bonds through the Tiger Trade platform.
This development comes after the Hong Kong Securities and Futures Commission (SFC) granted approval for the enhancement of the company's license. This change enables Tiger Brokers to broaden its client base from just professional investors to include retail traders as well.
The platform aims to provide a single application where users can seamlessly trade both traditional securities and virtual assets. This approach is designed to reduce the hassle of managing multiple accounts across different platforms, ultimately improving trading efficiency. For example, in the event of a major market shift, users can quickly liquidate virtual assets and engage in securities trading to seize advantageous situations.
Hong Kong Sets a Milestone With the Launch of Asia's First Spot Bitcoin and Ethereum ETFs
Tiger Brokers, an innovative online brokerage firm, is backed by Interactive Brokers Group, Xiaomi, ZhenFund, and notable Wall Street investor Jim Rogers. Their Hong Kong branch enables local investors to access a diverse range of financial products from premier international markets, including stocks from Hong Kong, warrants, options, U.S. stocks, fractional shares in U.S. companies, and exchange-traded funds (ETFs), among others.
Last year, the SFC introduced new guidelines permitting registered trading platforms to cater to retail investors, positioning Hong Kong as the first city in Asia to launch spot trading for these assets. Bitcoin and Ethereum ETFs in April 2024.
As a result, the firm became one of the pioneering companies ready to facilitate this service, enabling users to trade these assets directly on their platform. new investment products Hong Kong Securities and Futures Commission
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In line with the Trust Project guidelines Alisa, a passionate journalist at Cryptocurrencylistings, has a focus on cryptocurrency, zero-knowledge proofs, investments, and the broad sphere of Web3. With a sharp eye for upcoming trends and technologies, she provides thorough coverage to educate and engage readers in the continuously changing world of digital finance.
