Effortlessly manage traditional securities and
virtual assets with one app Tiger Trade: tailored to meet
diverse investment needs
- Professional investors can now trade 18 virtual assets,
including Bitcoin and Ethereum, through the Tiger Trade
app.
- The one-stop platform enables seamless management of
traditional securities and virtual assets, fostering more flexible
and diversified asset allocation strategies.
HONG KONG, May 6, 2024 /PRNewswire/ -- Tiger Brokers
(HK) ("Tiger Brokers (HK)" or "Tiger Brokers") announced the
launch of its virtual asset trading services, becoming one of the
first online fintech brokers in Hong
Kong to offer a single platform that allows trading and
managing both traditional securities and virtual assets.
Professional investors in Hong
Kong can now use Tiger Trade, Tiger Brokers' flagship
investment app, to trade 18 virtual assets including Bitcoin (BTC)
and Ethereum (ETH), alongside stocks, options, futures, US Treasury
bonds, funds, and other global assets, all at an affordable cost.
This eliminates the need for multiple accounts across different
brokers and platforms, making global asset allocation simpler and
more convenient.
John Fei Zeng, Chief Financial
Officer and Director of Tiger Brokers stated: "We are honored to be
among the first fintech brokerage firms in Hong Kong to introduce virtual asset trading,
leading the way in meeting investors' evolving needs. 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."
He added: "With Hong Kong's efforts to develop into a Web3.0
hub, we are confident in its vision. Hong
Kong is one of the pioneering international financial
centers introducing comprehensive regulations for virtual asset and
fostering a trading-friendly environment. We aspire to bolster
Hong Kong's competitiveness in the
global financial landscape through our contributions."
Secure, convenient, and affordable virtual asset trading
experience
Having previously secured an upgrade to its Type 1 license
conditions from the Securities and Futures Commission of
Hong Kong ("SFC"), Tiger Brokers
is aiming to offer professional investors secure virtual asset
trading services, strictly adhering to legal and regulatory
requirements.
Tiger Brokers continues to offer competitive trading rates, with
virtual asset trading fees at only 0.2% of the transaction value,
and custody fees waived. Unlike stock trading, virtual assets are
settled instantly and can be traded 24/7. All registered users in
Hong Kong can view real-time
quotes, as well as top gainers and losers of virtual assets, via
the user-friendly Tiger Trade interface, keeping abreast of market
conditions anytime, anywhere. Furthermore, the Tiger Trade App
enables instant T+0 exchange between Hong
Kong dollars and US dollars.
Currently, Tiger Brokers' virtual asset trading services are
available only to professional investors. Eligible clients,
including Hong Kong residents with
over HKD 8 million in investment
portfolio or corporate entities with assets exceeding HKD 40 million, can submit professional investor
application on Tiger Trade. Customers also have the option to
schedule an in-person visit to the Tiger Brokers office, where
professional representatives will assist customers in completing
the account opening and certification process. Looking ahead, Tiger
Brokers plans to extend its virtual asset trading services to
retail investors, subject to regulatory approval. Additionally, the
company is considering the introduction of virtual asset spot
withdrawal and deposit services.
Beyond virtual asset spot trading, Tiger Brokers also offers
trading of U.S.-listed bitcoin spot ETFs and Hong Kong-listed spot bitcoin and ether ETFs
to Hong Kong investors. Since
entering the Hong Kong market just
over a year ago, Tiger Brokers has won widespread acclaim from
local users through the introduction of numerous innovative
products and services. Recently, the SFC granted Tiger Brokers a
Type 9 license for asset management services. With this, Tiger
Brokers can offer a suite of asset management services, such as
dedicated account services for both retail and professional
investors, and collective investment scheme management for
professional investors, thereby providing comprehensive support for
the diverse investment needs of both retail and professional
investors.
About Tiger Brokers (HK)
Tiger Brokers (HK) Global Limited (Central number: BMU940) holds
type 1, 2, 4, 5 and 9 licenses of the SFC. Starting from
30th November 2022, with Tiger Trade,
Tiger Brokers' flagship app, Hong
Kong users can trade financial products from major markets
around the world, such as Hong
Kong stocks, warrants, options, US stocks, US fractional
shares and ETFs, etc., providing a one-stop solution to their
investment needs. In the future, we will continue to expand our
trading markets and categories to better serve Hong Kong investors.
About Tiger Brokers
Tiger Brokers (Nasdaq: TIGR), founded in 2014, is a leading
online brokerage group with a focus on redefining global investing
with technologies for the next generation.
Since our inception, the company has relentlessly offered a
superior user experience to let everyone enjoy efficient and smart
global investing, by bringing a multitude of quality financial
products and services across brokerage, employee stock ownership
plan (ESOP) management, investment banking, wealth management,
investor community, and investor education in our pursuit of
becoming a world-leading online brokerage group.
We strive to elevate financial technology R&D to a new
level. While we inherit the best traditions from the financial
sector and blend them with the best minds of tech experts, we
develop our own technology infrastructure—an aggregation that
enables multi-currency trading of various products across markets,
guaranteeing our reliable, secure, and scalable services accessible
to all with low latency.
Currently, we serve over 10 million users and over 2 million
account holders worldwide on our flagship platform "Tiger Trade",
own 78 licenses and qualifications in different markets, and have
over 1,000 employees on the team in Hong
Kong, Singapore,
New Zealand, the US, Australia, and Mainland China. In 2019, the
company was listed on Nasdaq as UP Fintech Holding Limited under
the ticker TIGR.
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