Crypto News- In an exciting development for the Hong Kong investment community, Nasdaq-listed Tiger Brokers has announced the integration of cryptocurrency trading into its Tiger Trade mobile and desktop app. The move, revealed in a statement shared with Cointelegraph, opens up avenues for professional investors to engage with 18 cryptocurrencies, including stalwarts like Bitcoin (BTC) and Ether (ETH), alongside traditional assets like stocks, options, and futures.
Partnering with HashKey Exchange, Tiger Brokers aims to cater to the needs of high-net-worth individuals and corporate entities initially. Eligible investors, with portfolios exceeding 8 million Hong Kong dollars for individuals and 40 million Hong Kong dollars for corporations, can now diversify their holdings further into the crypto space.
Crypto Trading Goes Live in Hong Kong: Tiger Brokers Joins Nasdaq Trend
While the service awaits regulatory clearance to extend to retail investors, Tiger Brokers doesn’t stop there. They’re also eyeing the inclusion of cryptocurrency spot withdrawals and deposits, signaling a comprehensive approach to crypto trading.
For those seeking exposure to cryptocurrencies through regulated channels, Tiger Brokers presents another avenue: Bitcoin exchange-traded funds (ETFs). The platform offers access to U.S.-listed Bitcoin ETFs and recently introduced Hong Kong spot Bitcoin and Ether ETFs. These instruments provide indirect exposure to crypto assets and have garnered substantial interest, albeit with varying success, particularly highlighted by the stark contrast in trading volumes between the U.S. and Hong Kong ETF launches.
Despite initial trading volumes, the Hong Kong spot Bitcoin and Ether ETFs have quickly accumulated significant assets, indicating strong investor appetite. There’s even speculation about potential mainland China access to these ETFs, with industry experts pointing to the Shenzhen-Hong Kong Stock Connect as a possible conduit.
As Tiger Brokers pioneers this expansion into crypto trading, it underscores Hong Kong’s growing significance as a hub for digital asset investment. With regulatory hurdles being navigated and investor interest burgeoning, the integration of cryptocurrencies into mainstream investment platforms like Tiger Brokers heralds a new era for financial markets in the region.
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