Tiger Securities founder: Commission exemption will reduce investors virtual asset trading costs

Odaily News Following Futu Securities’ earlier announcement that it would launch a zero-commission Crypto trading service starting August 1, Tiger Brokers (Hong Kong) announced today that it will launch virtual asset trading service discounts, including exemptions from commissions and platform fees and support for real-time virtual asset USD trading settlements, with a trading time period of 7x24 hours. Tiger Brokers founder and CEO Wu Tianhua said that the group has received a warm response from customers after opening up virtual asset trading services, and hopes to minimize the cost of investors trading virtual assets on the platform. With the Hong Kong government actively introducing a series of measures, including the establishment of a licensing system for virtual asset trading platforms and the opening of the first batch of virtual asset spot ETFs for listing at the end of April, it is believed that virtual asset trading will slowly flourish in Hong Kong and attract more capital inflows from overseas and international investment institutions and investors, making Hong Kong likely to become the region’s virtual asset center in the future. (Sing Tao Daily)