According to a report from the Hong Kong financial news media “Hong Kong Communication”, Hong Kong online brokerage Tiger Brokers has recently obtained approval from the Hong Kong Securities and Futures Commission to upgrade its license. The company is now officially expanding its virtual asset trading services to Hong Kong retail investors. Hong Kong investors can now trade various assets including Bitcoin (BTC) and Ethereum (ETH), as well as stocks, options, futures, US Treasury bonds, funds, and more through Tiger Brokers’ investment platform Tiger Trade.
Tiger Brokers International’s Chief Financial Officer, Tony Chan, stated, “From last year when the Hong Kong Securities and Futures Commission issued new regulations allowing licensed trading platforms to provide services to retail investors, to April of this year when Hong Kong became the first market in Asia to issue spot Bitcoin and Ethereum ETFs, these actions demonstrate Hong Kong’s support for compliance and innovative development in various types of assets as a leading global financial center. With the gradual integration of the virtual asset trading industry into Hong Kong’s mainstream financial sector, this is also expected to attract more international capital and investors.”
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