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Tiger Brokers (Hong Kong) officially launched virtual asset trading services, which are currently only available to professional investors.

CointimeCointime2024/05/06 07:37
By:Cointime

Tiger Brokers (Hong Kong) announced the official launch of virtual asset trading services, becoming one of the first technology brokers in Hong Kong to support a platform for managing traditional securities and virtual assets. Currently, professional investors in Hong Kong can invest in a variety of global assets, including 18 virtual assets such as Bitcoin (BTC) and Ethereum (ETH), as well as stocks, options, futures, US Treasury bonds, and funds, all on Tiger Brokers' flagship platform, Tiger Trade, at a reasonable cost, without the need to open and manage different accounts with different brokers and platforms.Tiger Brokers will provide competitive trading rates. The commission for virtual asset trading is as low as 0.2% of the transaction amount, and custody fees are waived. Through the user-friendly interface platform of Tiger Trade, registered users in Hong Kong can also view real-time quotes and price changes of virtual assets, and keep up with the virtual asset market anytime, anywhere. In addition, Hong Kong dollars and US dollars can also be exchanged instantly within the Tiger Trade App.Currently, Tiger's virtual asset trading services are only available to professional investors. Qualified users, i.e. Hong Kong residents with investment portfolios exceeding HKD 8 million or legal entities with assets exceeding HKD 40 million, can participate in virtual asset trading by submitting professional investor information on the Tiger Trade APP, completing the required investor learning and signing agreements. In the future, subject to regulatory requirements, Tiger Brokers plans to extend virtual asset trading services to retail investors. In addition, the company will also consider adding virtual asset spot deposit and withdrawal services.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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