Tiger Brokers (HK) has announced that it has received approval from the Securities and Futures Commission of Hong Kong (SFC) to upgrade its license. This will allow it to extend crypto trading services to retail investors in Hong Kong, following the recent introduction of these services for professional investors.
Retail investors can now trade Bitcoin (BTC) and Ethereum (ETH) through Tiger Trade, Tiger Brokers’ flagship investing platform. The platform supports seamless trading and managing of various global assets, including stocks, options, futures, US Treasury bonds, and funds, alongside virtual assets, at competitive rates.
John Fei Zeng
John Fei Zeng, Chief Financial Officer and Director of Tiger Brokers, highlighted investors’ increasing interest in virtual asset investments.
“We have seen a growing interest among investors in virtual asset investments. Many investors not only hold virtual assets but also stocks and other assets in their portfolios. Tiger Brokers aims to provide a secure, convenient, and cost-effective platform for all Hong Kong investors, allowing them to trade both traditional financial securities and virtual assets within a single app. This eliminates the need to open multiple accounts on different platforms and enhances capital efficiency. For example, when a major event occurs in the stock market, investors can sell their virtual assets and immediately buy securities at Tiger Trade to quickly seize the opportunity,”
he stated.
John also noted the regulatory developments supporting virtual asset integration into mainstream finance in Hong Kong.
“The SFC’s new regulations allowing licensed trading platforms to serve retail investors and the launch of spot Bitcoin and Ethereum ETFs in Hong Kong underscore the city’s support for compliant and innovative growth of various asset types. As a licensed broker, Tiger Brokers will adhere to regulatory standards to protect investors’ interests and contribute to the industry’s healthy development,”
he said.
In January, Tiger Brokers received an upgrade to its Type 1 license conditions from the SFC, making it one of the first mainstream online brokerage firms in Hong Kong to obtain such approval.
In early May, Tiger Brokers launched virtual asset trading services for Hong Kong investors, becoming one of the first online fintech brokers in Hong Kong to offer a single platform for trading and managing both traditional securities and virtual assets. Within a month, it expanded its services to include retail investors, demonstrating rapid progress in the virtual asset sector.
Featured image credit: Edited from Freepik