Hong Kong welcomes Tiger Brokers’ online cryptocurrency trading on Nasdaq

Hong Kong is embracing new opportunities for investors to trade cryptocurrencies, as Tiger Brokers, listed on Nasdaq, introduces cryptocurrency support on its Tiger Trade mobile and desktop app. The announcement states that professional investors will have access to 18 cryptocurrencies, including Bitcoin (BTC) and Ether (ETH), in addition to stocks, options, futures, U.S. Treasury bonds, and other global assets. Tiger Brokers has partnered with HashKey Exchange to offer this service to professional investors in Hong Kong, including residents with an investment portfolio valued above 8 million Hong Kong dollars ($1 million) and corporate entities with assets exceeding 40 million Hong Kong dollars ($5 million). The company also plans to extend its cryptocurrency trading services to regular retail investors pending regulatory approval. Additionally, Tiger Brokers is considering the addition of cryptocurrency spot withdrawals and deposits. Investors can also access Bitcoin spot exchange-traded funds (ETFs) through the platform, providing them with direct and indirect exposure to cryptocurrencies. Furthermore, the trading of U.S.-listed Bitcoin ETFs and recently launched Hong Kong spot Bitcoin and Ether ETFs is available on Tiger Trade. These ETFs offer another avenue for investors to gain access to these assets. While Hong Kong’s spot Bitcoin and Ether ETFs had a modest debut in terms of trading volumes, they attracted over $200 million in total assets. There are indications that mainland China may also gain access to these ETFs through the Shenzhen-Hong Kong Stock Connect, a cross-border investment infrastructure connecting the Shenzhen Stock Exchange and the Hong Kong Stock Exchange. In summary, Hong Kong’s embrace of cryptocurrency trading opportunities, including ETFs, continues to grow, with potential for expansion into mainland China.