According to the report of PANews on May 6, Tiger Brokers (Hong Kong) announced that it has officially launched virtual asset trading services, becoming the first batch of technology brokers in Hong Kong to support the trading and management of traditional securities and virtual assets on one platform. Currently, professional investors in Hong Kong can use Tiger Trade, the flagship investment platform of Tiger Brokers, to trade 18 virtual assets including Bitcoin (BTC) and Ethereum (ETH), as well as various global assets such as stocks, options, futures, US Treasury bonds, funds, etc. at an affordable cost in one stop, without having to open and manage different accounts at different brokers and platforms.
Tiger Brokers will provide competitive transaction rates. The commission for virtual asset transactions is as low as 0.2% of the transaction amount, and the custody fee is waived. Through Tiger Trade's easy-to-use interface platform, Hong Kong registered users can also view real-time quotes and rankings of virtual asset gains and losses, and keep up with the virtual asset market anytime and anywhere. In addition, Hong Kong dollars and US dollars can also be exchanged instantly on a T+0 basis in the Tiger Trade App.
Currently, Tiger's virtual asset trading services are only available to professional investors. Qualified users, i.e. Hong Kong residents with an investment portfolio of more than 8 million yuan or corporations with assets of more than 40 million yuan, can participate in virtual asset trading by submitting professional investor information on the Tiger Trade APP, completing investor training required by the SFC and signing an agreement. In the future, Tiger Brokers plans to extend virtual asset trading services to retail investors, subject to regulatory requirements. In addition, the company will also consider adding virtual asset spot deposit and withdrawal services.