Tiger Brokers Opens Door for Crypto Trading in Hong Kong + More Crypto News
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Brokerage group Tiger Brokers (HK) Global Limited has officially upgraded its Type 1 license to include a virtual asset dealing service, making the top of crypto news rounds today.
This makes it one of the first mainstream online brokerage firms in Hong Kong to receive approval for such a license upgrade, the press release said.
It added that,
“This successful upgrade opens the door for providing cryptocurrency trading services to Professional Investor clients in Hong Kong through its flagship platform, Tiger Trade.”
By integrating Tiger Brokers’ technology-driven brokerage expertise, the company aims to offer professional investors seamless trading of both traditional securities and cryptocurrencies on a unified platform.
Eligible clients – including Hong Kong residents with over HKD 8 million (USD 1.1 million) in investable assets or corporations with assets exceeding HKD 40 million (USD 5.2 million) – can incorporate crypto trading into their portfolios alongside other asset classes on the Tiger Trade platform.
In the future, the company also plans to open virtual asset trading to retail investors.
John Fei Zeng, Chief Financial Officer and Director of Tiger Brokers said investor demand for crypto continues growing in Hong Kong and globally.
He added that eligible clients will benefit from low costs as well.
Decentralized computing platform Chainlink and popular layer 2 scaling solution Arbitrum, have announced the mainnet beta release of Chainlink Functions, now live on Arbitrum One mainnet.
According to the press release, Chainlink Functions is a serverless,
Read more on cryptonews.com
