Tiger Brokers and Futu to Offer Crypto Trading Services Outside China
Two Chinese online brokerages have set out to enter the global crypto trading market. The platforms, Tiger Brokers and Futu, are planning to offer their services only outside the People’s Republic as Beijing is once again cracking down on bitcoin trading in the country. Major Chinese Online Brokers Dive Into Crypto Trading Beijing-based Tiger Brokers and Shenzhen-headquartered Futu, China’s leading online brokerages, have unveiled plans to start offering crypto trading services, the South China Morning Post reported on Tuesday. The Nasdaq-listed companies want to compete with....
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Futu, one of the leading trading brokerages in China, revealed its plans to offer cryptocurrency trading later this year. In its earnings call earlier this Wednesday, senior vice president Robin Li Xu told analysts that Futu would be applying for digital-currency related licenses in the United States, Singapore, and Hong Kong. Despite these changes, crypto […]
China’s securities regulator, the China Securities Regulatory Commission, announced on May 25 that it will penalize three major offshore brokerages for their ties to crypto — Tiger Brokers, Futu Securities, and Longbridge Securities — for illegal cross-border financial operations targeting mainland investors, as part of a sweeping nine-agency implementation plan that sets a two-year deadline to eliminate all unauthorized cross-border securities, futures, and fund management activity from China’s financial landscape. Related Reading: Bankless Co-Founder Explains Why He Sold All....
Non-futures crypto products like Grayscale Bitcoin Trust are reportedly still available on Futu Securities. A major Hong Kong-based online brokerage firm has reportedly suspended cryptocurrency futures trading due to regulatory concerns.Futu Securities, one of the biggest trading brokerages in Asia, has halted support of crypto futures contracts and trading services in response to regulatory requirements, Chinese financial publication Sina Finance reports Thursday.The platform’s customer service reportedly stated that the suspension will affect major contracts including CME Bitcoin....
Interactive Brokers will add cryptocurrency trading to its platform by the end of the summer, CEO Thomas Peterffy has revealed. The platform has about 1.33 million customer accounts and $330.6 billion in customer equity as of the first quarter. Interactive Brokers to Offer Cryptocurrency Trading The chairman and CEO of Interactive Brokers (Nasdaq: IBKR), Thomas Peterffy, said at the Piper Sandler Global Exchange & Fintech Conference Wednesday that his company will start offering direct cryptocurrency trading. Peterffy was quoted by the media as saying: Customers certainly are asking for....
The infamous Joseph Maldonado, aka “Joe Exotic,” from the docuseries “Tiger King: Murder, Mayhem and Madness,” has launched his own Ethereum-based token. According to the website tiger-king.org, the project will also feature non-fungible tokens (NFTs) and the proceeds from NFT sales will go toward helping Joe Exotic’s legal defense team and tiger rescue funding. ‘Tiger King’ Joe Exotic Launches an ERC20 Token The costar of the docuseries “Tiger King” has announced the launch of a new crypto asset called “TKING,” according to....