According to the report from Hong Kong financial news media “Hong Kong Communication”, Hong Kong online brokerage Tiger Brokers has obtained approval from the Hong Kong Securities and Futures Commission to upgrade its license. It is now officially expanding its virtual asset trading service to Hong Kong retail investors. Hong Kong investors can now trade a variety of assets including Bitcoin (BTC) and Ethereum (ETH), as well as stocks, options, futures, US treasuries, funds, etc., through the Tiger Trade investment platform offered by Tiger Brokers.
Tiger Brokers International’s Chief Financial Officer, Tony Chan, stated, “From last year when the Hong Kong Securities and Futures Commission issued new regulations allowing licensed trading platforms to provide services to retail investors, to this April when Hong Kong became the first market in Asia to issue spot Bitcoin and Ethereum ETFs, these actions demonstrate Hong Kong’s support for compliance and innovative development of various asset types as a leading global financial center. As the virtual asset trading industry gradually becomes mainstream in Hong Kong, it is also expected to attract more international capital and investors.”