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 belongings. This makes UP Fintech certainly 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 belongings continues to develop in Hong Kong and all over the world,
and we’re happy to develop our enterprise scope to fulfill the rising demand of
shoppers on this essential market,” stated John Fei Zeng, the CFO of UP
Fintech.
UP Fintech
goals to supply shoppers a seamless buying and selling expertise throughout completely different asset
courses 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 shoppers to
consider their full portfolio danger throughout their belongings.
Over the
previous 12 months, Tiger Commerce has grown its person 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 keeping with the newest information from Q3 2023, the entire
variety of the corporate’s shoppers reached practically 900,000.
“Eligible
shoppers will profit from our low prices and the flexibility 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 Might, its affiliate Tiger
Fund Administration (TFM) obtained approval from the Financial Authority of
Singapore (MAS) for its licenses to Capital Market Companies and Fund Administration.
With over SGD 300 million ($220 million) already below administration, TFM goals to
present asset and wealth administration providers to particular person and institutional
traders in Singapore below the MAS radar.
Earlier in
2023, Tiger Brokers launched its personal various to the favored AI
chatbot ChatGPT, referred to 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, comparable to 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 belongings. This makes UP Fintech certainly 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 belongings continues to develop in Hong Kong and all over the world,
and we’re happy to develop our enterprise scope to fulfill the rising demand of
shoppers on this essential market,” stated John Fei Zeng, the CFO of UP
Fintech.
UP Fintech
goals to supply shoppers a seamless buying and selling expertise throughout completely different asset
courses 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 shoppers to
consider their full portfolio danger throughout their belongings.
Over the
previous 12 months, Tiger Commerce has grown its person 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 keeping with the newest information from Q3 2023, the entire
variety of the corporate’s shoppers reached practically 900,000.
“Eligible
shoppers will profit from our low prices and the flexibility 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 Might, its affiliate Tiger
Fund Administration (TFM) obtained approval from the Financial Authority of
Singapore (MAS) for its licenses to Capital Market Companies and Fund Administration.
With over SGD 300 million ($220 million) already below administration, TFM goals to
present asset and wealth administration providers to particular person and institutional
traders in Singapore below the MAS radar.
Earlier in
2023, Tiger Brokers launched its personal various to the favored AI
chatbot ChatGPT, referred to 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, comparable to machine studying , have considerably impacted buying and selling
information evaluation.
