Tiger Brokers (HK), a leading fintech brokerage firm, has unveiled a groundbreaking addition to its suite of services: virtual asset trading. With this move, the company is at the forefront of innovation in Hong Kong’s online brokerage industry, offering investors a one-stop platform for managing both traditional securities and virtual assets.
The launch of Tiger Brokers’ virtual asset trading services marks a significant milestone in Hong Kong’s financial landscape. Investors can now access a diverse range of investment options, including Bitcoin (BTC), Ethereum (ETH), stocks, options, futures, US Treasury bonds, funds, and other global assets, all through Tiger Brokers’ flagship investment app, Tiger Trade. This integrated approach eliminates the need for multiple accounts across various brokers and platforms, streamlining global asset allocation for investors.
John Fei Zeng, Chief Financial Officer and Director of Tiger Brokers, emphasized the company’s commitment to meeting evolving investor needs. He stated, “As investors’ asset allocation requirements become increasingly diverse, our expanded product portfolio will help them seize various market opportunities. Our unified trading platform allows investors to trade and manage different types of investments seamlessly, enhancing user experience and boosting investment efficiency.”
Moreover, Tiger Brokers’ virtual asset trading services offer a secure, convenient, and affordable experience for professional investors. The company has obtained an upgrade to its Type 1 license conditions from the Securities and Futures Commission of Hong Kong, ensuring compliance with legal and regulatory requirements. Virtual asset trading fees are competitive, with fees at only 0.2% of the transaction value, and custody fees waived. Transactions are settled instantly, and investors can trade 24/7, providing flexibility and accessibility.
Currently, Tiger Brokers’ virtual asset trading services are available exclusively to professional investors, with plans to extend to retail investors pending regulatory approval. Eligible clients can submit a professional investor application on Tiger Trade, with options for in-person assistance at Tiger Brokers’ office.
Looking ahead, Tiger Brokers aims to introduce additional services, including virtual asset spot withdrawal and deposit services, further enhancing its offerings in the virtual asset space. The company also provides trading of U.S.-listed bitcoin spot ETFs and Hong Kong-listed spot bitcoin and ether ETFs, catering to the diverse needs of investors in the region.
Tiger Brokers’ rapid expansion and innovation in the Hong Kong market have garnered widespread acclaim. Recently granted a Type 9 license for asset management services by the SFC, the company is poised to offer comprehensive support for both retail and professional investors, solidifying its position as a leader in Hong Kong’s financial industry.
With its launch of virtual asset trading services, Tiger Brokers (HK) continues to pave the way for the future of investment in Hong Kong, driving forward the city’s vision as a Web3.0 hub and contributing to its competitiveness in the global financial landscape.