UP Fintech Holding Limited rocks with Type 1 license upgrade!

January 25, 2024
1 min read

UP Fintech Holding Limited has announced that its Hong Kong subsidiary has upgraded its Type 1 license to include virtual asset dealing services. This upgrade allows the company to provide cryptocurrency trading services to professional investor clients in Hong Kong through its flagship platform, Tiger Trade. The company plans to open virtual asset trading to retail investors in the future, pending approval from authorities. Eligible clients can now seamlessly incorporate cryptocurrency trading into their portfolios alongside other asset classes available on Tiger Trade. This expansion comes as investor demand for digital assets continues to grow in Hong Kong and around the world.

The upgrade of UP Fintech Holding Limited’s license in Hong Kong enables the company to offer professional investors the convenience of trading both traditional securities and cryptocurrencies on a single platform. The company aims to meet the growing demand for digital assets in the market, as well as provide low-cost options and the ability to trade crypto without opening an additional account.

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