Hong Kong online brokerage Tiger Brokers plans to offer cryptocurrency trading to retail investors
Hong Kong compliant version of eToro? In May, online brokerage Tiger Brokers Hong Kong announced that, based on its regulatory qualifications in Hong Kong, it will offer trading of 16 types of cryptocurrencies to professional investors, with a trading commission of 0.2% and no custody fees.
Table of Contents
In May, online brokerage firm Tiger Brokers Hong Kong announced that, similar to the Hong Kong compliant version of eToro, it will provide trading of 16 types of cryptocurrencies to professional investors, with a 0.2% trading commission and no custody fees.
Tiger Brokers Hong Kong stated that they have further upgraded their license and plan to open cryptocurrency trading to retail investors.
Previously, this service was only available to professional investors. Eligible users needed to have a Hong Kong resident with an investment portfolio exceeding 8 million Hong Kong dollars or a corporate entity with assets exceeding 40 million Hong Kong dollars. They had to submit professional investor information through the Tiger Trade APP, complete the investor learning required by the Securities and Futures Commission, and sign agreements before participating in virtual asset trading.
The carnival has officially ended! The Hong Kong Securities and Futures Commission: Will begin to hold unregistered exchanges accountable, and licensing does not guarantee protection