Tiger Securities Launches Virtual Asset Trading Services

According to PANews, Tiger Securities (Hong Kong) has announced the launch of its virtual asset trading services, making it one of the first tech brokers in Hong Kong to support a platform for managing traditional securities and virtual assets. Currently, professional investors in Hong Kong can trade 18 types of virtual assets, including Bitcoin (BTC) and Ethereum (ETH), as well as stocks, options, futures, US Treasury bonds, and various global assets through the Tiger Trade flagship platform. This eliminates the need to open and manage different accounts on various brokerage and trading platforms. Tiger Securities will offer competitive trading rates. The commission for virtual asset trading is as low as 0.2% of the transaction amount, and custody fees are waived. Through the user-friendly Tiger Trade platform, registered users in Hong Kong can also view real-time quotes and rankings of virtual asset price fluctuations, keeping them up-to-date with the virtual asset market. Additionally, Hong Kong dollars and US dollars can be instantly exchanged within the Tiger Trade App. Currently, Tiger's virtual asset trading services are only available to professional investors. Eligible users, i.e., Hong Kong residents with an investment portfolio exceeding HKD 8 million or corporations with assets exceeding HKD 40 million, can participate in virtual asset trading by submitting professional investor information on the Tiger Trade APP, completing the required investor education, and signing an agreement. In the future, subject to regulatory requirements, Tiger Securities plans to extend its virtual asset trading services to retail investors. The company is also considering adding a virtual asset spot deposit service.