Tiger Brokers Debut Crypto Trading Platform, Lauds Support For BTC, ETH, & Others

Coingapestaff
May 6, 2024 Updated October 9, 2024
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Highlights

  • Tiger Brokers launches innovative virtual asset trading platform, merging traditional securities and virtual assets for professional investors in Hong Kong.
  • The platform provides access to 18 virtual assets, including Bitcoin and Ethereum, alongside stocks, options, futures, and U.S. Treasury bonds.
  • With competitive rates, waived custody fees, and 24/7 trading availability, Tiger Brokers enhances accessibility and convenience for investors.

Tiger Brokers (Hong Kong) has embarked on a groundbreaking journey by introducing its virtual asset trading services, marking a significant milestone as the first technology brokerage in Hong Kong to offer a comprehensive platform supporting both traditional securities and virtual assets.

Through its flagship investment platform, Tiger Trade, professional investors in Hong Kong now have access to an extensive array of investment options, including the trading and management of 18 virtual assets such as Bitcoin (BTC) and Ethereum (ETH), in addition to stocks, options, futures, and U.S. Treasury bonds.

This integration of traditional and digital assets on a single platform eliminates the complexities associated with managing multiple accounts across various brokers and platforms, offering investors unparalleled convenience and flexibility in global asset allocation.

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Statement from Tiger International CFO and Competitive Trading Rates

Zeng Qingfei, Chief Financial Officer of Tiger International, has articulated the company’s pride in pioneering the provision of virtual asset trading services, underscoring Tiger Brokers’ commitment to meeting the evolving needs of investors. The expansion of Tiger Brokers’ product portfolio reflects a strategic endeavor to empower investors with diversified investment opportunities, enabling them to navigate dynamic market conditions effectively.

Furthermore, Tiger Brokers aims to enhance the user experience by providing a unified trading platform that facilitates seamless management of different investment types. To complement its comprehensive offerings, Tiger Brokers has introduced competitive trading rates, with virtual asset trading commissions as low as 0.2% of the transaction value and waived custody fees. Moreover, the instantaneous settlement of virtual assets and 24/7 trading availability further enhance accessibility and flexibility for investors, aligning with Tiger Brokers’ commitment to providing optimal trading conditions.

Also Read: Crypto.com To Expand F1 Sporting Sponsorship In Visibility Drive

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Qualifications and Future Plans for Tiger Brokers’ Virtual Asset Trading Services

Presently, Tiger’s virtual asset trading services cater exclusively to professional investors in Hong Kong, ensuring compliance with regulatory requirements and safeguarding investor interests. Qualified users, including residents with investment portfolios exceeding NT$8 million or corporations with assets exceeding NT$40 million, can access these services upon completing the requisite investor study and agreements.

Looking ahead, Tiger Brokers envisions extending its virtual asset trading services to retail investors, subject to regulatory approval, thereby democratizing access to digital asset markets. Additionally, the company is actively exploring the possibility of introducing virtual asset spot deposit and withdrawal services to further enhance its offerings. These strategic initiatives underscore Tiger Brokers’ steadfast commitment to innovation, inclusivity, and excellence in the realm of virtual asset trading.

Also Read: Jack Dorsey Steps Down from Bluesky Board, Praises Elon Musk’s X

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.