Nasdaq-listed Tiger Brokers has expanded its financial service offerings in Hong Kong to include cryptocurrency trading, enhancing its Tiger Trade app to support a diverse portfolio of assets including cryptocurrencies, stocks, and more.
Comprehensive Trading Platform
Tiger Trade now offers professional investors the ability to trade 18 different cryptocurrencies, such as Bitcoin and Ether, alongside traditional financial instruments like stocks, futures, U.S. Treasury bonds, and Bitcoin ETFs. This integration provides a robust platform for investors seeking to diversify their portfolios with both digital and traditional assets.
Strategic Partnership and Regulatory Compliance
In collaboration with HashKey Exchange, Tiger Brokers is rolling out this new service exclusively to professional investors in Hong Kong at the moment. Eligible investors include individuals with investment portfolios valued at over 8 million Hong Kong dollars ($1 million) and corporate entities holding assets above 40 million Hong Kong dollars ($5 million). Plans are underway to extend these services to retail investors, pending regulatory approvals. Additionally, Tiger Brokers is considering the future inclusion of cryptocurrency spot withdrawals and deposits to enhance user flexibility.
Also Read: Robinhood Shares Fall Following SEC Enforcement Action
Access to Bitcoin and Ether ETFs
The Tiger Trade platform also facilitates trading in both U.S.-listed and recently launched Hong Kong Bitcoin and Ether ETFs, providing varying degrees of exposure to these cryptocurrencies through regulated investment vehicles. Despite a modest start in Hong Kong with first-day trading volumes of $12 million—contrastingly lower than the $4.6 billion recorded by U.S. spot Bitcoin ETFs in January 2024—the local ETFs have seen significant growth, amassing over $200 million in assets on their debut.
Potential Expansion to Mainland China
There’s growing speculation about the expansion of Hong Kong’s Bitcoin and Ether ETFs into mainland China. Industry experts, like SyzCapital’s managing partner Richard Byworth, suggest that these ETFs could eventually be linked to the Shenzhen-Hong Kong Stock Connect. This cross-border investment channel allows seamless trading between the Shenzhen and Hong Kong stock exchanges, potentially opening up a significant new market for these cryptocurrency products.
