UP Fintech
Holding Limited, the Tiger Trade online brokerage operator, has received
approval from the Hong Kong Securities and Futures Commission (SFC) to upgrade
its license to include dealing in virtual assets. This makes UP Fintech one of
the first brokerages in Hong Kong to offer crypto trading services.
The license
upgrade allows Tiger Trade to provide Bitcoin, Ethereum and other
cryptocurrency trading to professional investors in Hong Kong who meet certain
wealth thresholds.
“Investor
demand for digital assets continues to grow in Hong Kong and around the world,
and we are pleased to expand our business scope to meet the growing demand of
clients in this important market,” said John Fei Zeng, the CFO of UP
Fintech.
UP Fintech
aims to offer clients a seamless trading experience across different asset
classes from a single account by integrating cryptocurrency trading into the
Tiger Trade platform alongside stocks, options, futures, and funds.
Centralized Platform for
Traditional and Crypto Assets
The unified
Tiger Trade platform is designed to provide professional investors convenient
access to both traditional securities and crypto. This enables clients to
evaluate their complete portfolio risk across assets.
Over the
past year, Tiger Trade has grown…
