Printed: June 17, 2024 at 3:29 am Up to date: June 17, 2024 at 3:29 am
Edited and fact-checked:
June 17, 2024 at 3:29 am
In Transient
Tiger Brokers launched digital asset buying and selling providers for retail traders in Hong Kong, enabling buying and selling of crypto, shares and extra.
NASDAQ-listed Hong Kong on-line dealer Tiger Brokers unveiled the launch of digital asset buying and selling providers to retail traders in Hong Kong. At current, these traders have the choice to commerce a wide range of world belongings, encompassing Bitcoin and Ethereum, together with shares, choices, futures, and United States Treasury bonds by way of the Tiger Commerce.
The announcement follows the Hong Kong Securities and Futures Fee’s (SFC) inexperienced gentle to replace the corporate’s license. This improve allows Tiger Brokers to broaden its providers from serving skilled traders to now together with retail traders.
The corporate affords the platform, crafted to allow the acquisition and sale of conventional monetary securities and digital belongings in a single software. The target is to cut back the necessity for a number of accounts all through a number of platforms, thereby enhancing buying and selling effectivity. As an illustration, in case of a big market prevalence, its customers have the choice to promptly promote digital belongings and provoke securities transactions to capitalize on alternatives.
Hong Kong Breaks Floor With First Asian Spot Bitcoin And Ethereum ETFs
Tiger Brokers, a web-based inventory brokerage startup, is supported by Interactive Brokers Group, Xiaomi, ZhenFund, and Wall Avenue funding professional Jim Rogers. Its Hong Kong subsidiary affords native traders the choice to commerce a spread of monetary merchandise from main world markets. These merchandise embody Hong Kong shares, warrants, choices, United States shares, United States fractional shares, and exchange-traded funds (ETFs), amongst others.
Final 12 months, SFC launched new laws allowing registered buying and selling platforms to promote to retail traders. This transfer positioned town as the primary in Asia to provoke spot Bitcoin and Ethereum ETFs in April 2024.
Subsequently, the agency joined the preliminary firms to assist the brand new funding merchandise, permitting customers to commerce them on its platform.
Disclaimer
In step with the Belief Undertaking pointers, please be aware that the knowledge offered on this web page is just not meant to be and shouldn’t be interpreted as authorized, tax, funding, monetary, or another type of recommendation. You will need to solely make investments what you possibly can afford to lose and to hunt unbiased monetary recommendation when you’ve got any doubts. For additional info, we advise referring to the phrases and circumstances in addition to the assistance and assist pages offered by the issuer or advertiser. MetaversePost is dedicated to correct, unbiased reporting, however market circumstances are topic to vary with out discover.
About The Writer
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising traits and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
Extra articles
Alisa Davidson
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising traits and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
Extra articles
