According to Odaily, Tiger Securities announced in mid-June this year that it has been approved to launch virtual asset trading services to retail investors in Hong Kong. Kelvin Liu, the Deputy General Manager of Engineering and Head of Cryptocurrency at Tiger Securities, revealed that the firm currently allows users in Hong Kong to trade 18 types of cryptocurrencies, stocks, futures, U.S. Treasury bonds, and the newly launched Bitcoin ETF. The company is actively trying to attract retail investors, with the aim of providing them with the same diverse trading options as their professional clients. Tiger Securities will continue to monitor the cryptocurrency market, looking for promising new coins that meet their standards, and plans to expand its cryptocurrency products in the future, subject to regulatory approval and market conditions.
Liu added that Tiger Securities has observed a surge in global investor demand for virtual assets, especially in Hong Kong. The company's foray into the field of cryptocurrency products is a direct response to this trend, enabling it to offer eligible customers the ability to trade cryptocurrencies and other global products on a single platform. The timing of the Hong Kong Securities and Futures Commission's (SFC) approval of the cryptocurrency ETF created an excellent opportunity for Tiger Securities to launch its cryptocurrency products.