Tiger Brokers (Hong Kong) officially launched virtual asset trading services, currently available only to professional investors

ChainCatcher news, according to reports from Huigang Communications, Tiger Brokers (Hong Kong) has officially launched virtual asset trading services, becoming one of the first technology brokers in Hong Kong to support a platform for managing traditional securities as well as virtual assets. Currently, professional investors in Hong Kong can invest through Tiger Brokers' flagship platform, Tiger Trade, with a cost-effective one-stop trading solution that includes 18 virtual assets such as Bitcoin (BTC) and Ethereum (ETH), as well as various global assets like stocks, options, futures, U.S. Treasury bonds, and funds, without the need to open and manage different accounts across various brokers and platforms.

Tiger Brokers 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 interface of Tiger Trade, registered users in Hong Kong can also view real-time quotes and price change rankings for virtual assets, keeping up with the virtual asset market anytime and anywhere. Additionally, Hong Kong dollars and U.S. dollars can be exchanged instantly on a T+0 basis within the Tiger Trade App.

Currently, Tiger's virtual asset trading services are only available to professional investors. Eligible users, specifically Hong Kong residents with a portfolio exceeding 8 million HKD or corporations with assets exceeding 40 million HKD, can submit professional investor information in the Tiger Trade APP, complete the investor education required by the Securities and Futures Commission, and sign the agreement to participate in virtual asset trading. In the future, subject to regulatory requirements, Tiger Brokers plans to extend virtual asset trading services to retail investors. Furthermore, the company will also consider adding virtual asset spot deposit services.