UP Fintech
Holding Restricted, the Tiger Commerce on-line brokerage operator, has obtained
approval from the Hong Kong Securities and Futures Fee to improve
its license to incorporate dealing in digital property. This makes UP Fintech considered one of
the primary brokerages in Hong Kong to supply crypto buying and selling providers.
The license
improve permits Tiger Commerce to supply Bitcoin, Ethereum and different
cryptocurrency buying and selling to skilled traders in Hong Kong who meet sure
wealth thresholds.
“Investor
demand for digital property continues to develop in Hong Kong and world wide,
and we’re happy to broaden our enterprise scope to satisfy the rising demand of
purchasers on this essential market,” mentioned John Fei Zeng, the CFO of UP
Fintech.
UP Fintech
goals to supply purchasers a seamless buying and selling expertise throughout completely different asset
lessons from a single account by integrating cryptocurrency buying and selling into the
Tiger Commerce platform alongside shares, choices, futures, and funds.
Centralized Platform for
Conventional and Crypto Property
The unified
Tiger Commerce platform is designed to supply skilled traders handy
entry to each conventional securities and crypto. This allows purchasers to
consider their full portfolio threat throughout their property.
Over the
previous yr, Tiger Commerce has grown its consumer base in Hong Kong by providing
zero-commission buying and selling in Hong Kong shares together with new merchandise like
fractional share buying and selling. In accordance with the most recent information from Q3 2023, the entire
variety of the corporate’s purchasers reached practically 900,000.
“Eligible
purchasers will profit from our low prices and the power to commerce crypto
alongside many different world merchandise from a single unified platform with out
needing to open an additional account,” Zeng added.
Within the
future, UP Fintech plans to additionally open its cryptocurrency buying and selling providers to
retail traders in Hong Kong after acquiring additional regulatory approvals.
Tiger Fund Administration and
TigerGPT
The corporate
has been actively increasing its choices in 2023. In Could, its affiliate Tiger
Fund Administration (TFM) obtained approval from the Financial Authority of
Singapore (MAS) for its licenses to Capital Market Providers and Fund Administration.
With over SGD 300 million ($220 million) already underneath administration, TFM goals to
present asset and wealth administration providers to particular person and institutional
traders in Singapore underneath the MAS radar.
Earlier in
2023, Tiger Brokers launched its personal different to the favored AI
chatbot ChatGPT, known as TigerGPT. The corporate claimed this was the primary AI
buying and selling assistant launched within the business.
As Finance
Magnates reported, ChatGPT has obtained widespread reward in latest instances.
AI applied sciences, reminiscent of machine studying , have considerably impacted buying and selling
information evaluation.
UP Fintech
Holding Restricted, the Tiger Commerce on-line brokerage operator, has obtained
approval from the Hong Kong Securities and Futures Fee to improve
its license to incorporate dealing in digital property. This makes UP Fintech considered one of
the primary brokerages in Hong Kong to supply crypto buying and selling providers.
The license
improve permits Tiger Commerce to supply Bitcoin, Ethereum and different
cryptocurrency buying and selling to skilled traders in Hong Kong who meet sure
wealth thresholds.
“Investor
demand for digital property continues to develop in Hong Kong and world wide,
and we’re happy to broaden our enterprise scope to satisfy the rising demand of
purchasers on this essential market,” mentioned John Fei Zeng, the CFO of UP
Fintech.
UP Fintech
goals to supply purchasers a seamless buying and selling expertise throughout completely different asset
lessons from a single account by integrating cryptocurrency buying and selling into the
Tiger Commerce platform alongside shares, choices, futures, and funds.
Centralized Platform for
Conventional and Crypto Property
The unified
Tiger Commerce platform is designed to supply skilled traders handy
entry to each conventional securities and crypto. This allows purchasers to
consider their full portfolio threat throughout their property.
Over the
previous yr, Tiger Commerce has grown its consumer base in Hong Kong by providing
zero-commission buying and selling in Hong Kong shares together with new merchandise like
fractional share buying and selling. In accordance with the most recent information from Q3 2023, the entire
variety of the corporate’s purchasers reached practically 900,000.
“Eligible
purchasers will profit from our low prices and the power to commerce crypto
alongside many different world merchandise from a single unified platform with out
needing to open an additional account,” Zeng added.
Within the
future, UP Fintech plans to additionally open its cryptocurrency buying and selling providers to
retail traders in Hong Kong after acquiring additional regulatory approvals.
Tiger Fund Administration and
TigerGPT
The corporate
has been actively increasing its choices in 2023. In Could, its affiliate Tiger
Fund Administration (TFM) obtained approval from the Financial Authority of
Singapore (MAS) for its licenses to Capital Market Providers and Fund Administration.
With over SGD 300 million ($220 million) already underneath administration, TFM goals to
present asset and wealth administration providers to particular person and institutional
traders in Singapore underneath the MAS radar.
Earlier in
2023, Tiger Brokers launched its personal different to the favored AI
chatbot ChatGPT, known as TigerGPT. The corporate claimed this was the primary AI
buying and selling assistant launched within the business.
As Finance
Magnates reported, ChatGPT has obtained widespread reward in latest instances.
AI applied sciences, reminiscent of machine studying , have considerably impacted buying and selling
information evaluation.
