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Tiger Brokers' Yang Xu Shares Insights on Bitcoin ETFs Bridging the Gap Between Traditional Finance and Digital Assets

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Yang Xu, Global Partner at Tiger Brokers, shared insights on Bitcoin ETFs at InnoBlock 2024. He highlighted how these ETFs provide safer access to cryptocurrencies and address custodian concerns. Xu noted increased institutional demand for Bitcoin ETFs, potentially contributing to market stability.

Tiger Brokers offers 24-hour Bitcoin ETF trading globally and provides direct digital asset trading access to Hong Kong users. The company upgraded its Type 1 licence in January to include virtual asset dealing services. In June, retail investors in Hong Kong gained access to trade virtual assets like BTC, ETH, AVAX, and LINK.

Tiger Brokers' institutional wealth platform, TradingFront, offers advanced order types for Bitcoin ETF investing, including TWAP and VWAP orders. Xu emphasized the need for stronger regulatory frameworks and investor protections to increase accessibility and legitimize the digital asset space.

Yang Xu, Partner Globale di Tiger Brokers, ha condiviso informazioni sugli ETF Bitcoin durante InnoBlock 2024. Ha sottolineato come questi ETF forniscano un accesso più sicuro alle criptovalute e affrontino le preoccupazioni riguardanti i custodi. Xu ha osservato un aumento della domanda istituzionale per gli ETF Bitcoin, il che potrebbe contribuire alla stabilità del mercato.

Tiger Brokers offre ETF Bitcoin a livello globale 24 ore su 24 e fornisce accesso diretto al trading di asset digitali per gli utenti di Hong Kong. L'azienda ha aggiornato la sua licenza di Tipo 1 a gennaio per includere i servizi di compravendita di asset virtuali. A giugno, gli investitori al dettaglio di Hong Kong hanno ottenuto accesso per commerciare asset virtuali come BTC, ETH, AVAX e LINK.

La piattaforma di wealth management istituzionale di Tiger Brokers, TradingFront, offre tipologie di ordine avanzate per l'investimento in ETF Bitcoin, compresi ordini TWAP e VWAP. Xu ha enfatizzato la necessità di un quadro normativo più robusto e di protezioni per gli investitori per aumentare l'accessibilità e legittimare lo spazio degli asset digitali.

Yang Xu, Socio Global de Tiger Brokers, compartió sus perspectivas sobre los ETF de Bitcoin en InnoBlock 2024. Destacó cómo estos ETF brindan un acceso más seguro a las criptomonedas y abordan las preocupaciones sobre los custodios. Xu notó un aumento en la demanda institucional de ETF de Bitcoin, lo que podría contribuir a la estabilidad del mercado.

Tiger Brokers ofrece trading de ETF de Bitcoin globalmente las 24 horas y proporciona acceso directo al trading de activos digitales para los usuarios de Hong Kong. La empresa mejoró su licencia Tipo 1 en enero para incluir servicios de negociación de activos virtuales. En junio, los inversores minoristas en Hong Kong obtuvieron acceso para negociar activos virtuales como BTC, ETH, AVAX y LINK.

La plataforma de riqueza institucional de Tiger Brokers, TradingFront, ofrece tipos de orden avanzados para invertir en ETF de Bitcoin, incluidos órdenes TWAP y VWAP. Xu enfatizó la necesidad de marcos regulatorios más fuertes y protecciones para los inversores para aumentar la accesibilidad y legitimar el espacio de activos digitales.

양쉬(Yang Xu) 타이거 브로커스(Tiger Brokers)의 글로벌 파트너가 비트코인 ETF에 대한 통찰을 InnoBlock 2024에서 공유했습니다. 그는 이러한 ETF가 암호화폐에 대한 보다 안전한 접근을 제공하고 수탁자에 대한 우려를 해결한다는 점을 강조했습니다. 양씨는 비트코인 ETF에 대한 기관의 수요 증가가 시장 안정성에 기여할 수 있음을 언급했습니다.

타이거 브로커스는 전 세계적으로 24시간 비트코인 ETF 거래를 제공하며 홍콩 사용자에게 직접 디지털 자산 거래 접근을 제공합니다. 이 회사는 1형 라이센스를 1월에 업그레이드하여 가상 자산 거래 서비스를 포함했습니다. 6월에는 홍콩의 소매 투자자들이 BTC, ETH, AVAX 및 LINK와 같은 가상 자산을 거래할 수 있는 접근을 얻었습니다.

타이거 브로커스의 기관 자산 관리 플랫폼인 TradingFront는 비트코인 ETF 투자를 위한 고급 주문 유형을 제공하며, TWAP 및 VWAP 주문이 포함됩니다. 양씨는 접근성을 높이고 디지털 자산 공간을 합법화하기 위해 더 강력한 규제 프레임워크와 투자자 보호가 필요하다고 강조했습니다.

Yang Xu, Partenaire Global chez Tiger Brokers, a partagé ses réflexions sur les ETF Bitcoin lors de l'InnoBlock 2024. Il a souligné comment ces ETF offrent un accès plus sûr aux cryptomonnaies et répondent aux préoccupations des dépositaires. Xu a noté une demande institutionnelle croissante pour les ETF Bitcoin, ce qui pourrait contribuer à la stabilité du marché.

Tiger Brokers propose un trading d'ETF Bitcoin 24 heures sur 24 à l'échelle mondiale et offre un accès direct au trading d'actifs numériques pour les utilisateurs de Hong Kong. L'entreprise a mis à jour sa licence de Type 1 en janvier pour inclure des services de négociation d'actifs virtuels. En juin, les investisseurs de détail à Hong Kong ont eu accès au trading d'actifs virtuels tels que BTC, ETH, AVAX et LINK.

La plateforme de gestion de patrimoine institutionnelle de Tiger Brokers, TradingFront, propose des types d'ordres avancés pour l'investissement dans les ETF Bitcoin, y compris des ordres TWAP et VWAP. Xu a souligné la nécessité de cadres réglementaires plus solides et de protections pour les investisseurs afin d'augmenter l'accessibilité et de légitimer l'espace des actifs numériques.

Yang Xu, Global Partner bei Tiger Brokers, teilte Einblicke zu Bitcoin ETFs auf der InnoBlock 2024. Er hob hervor, wie diese ETFs einen sichereren Zugang zu Kryptowährungen bieten und die Bedenken bezüglich der Verwahrung ansprechen. Xu bemerkte eine steigende institutionelle Nachfrage nach Bitcoin ETFs, was potenziell zur Stabilität des Marktes beitragen könnte.

Tiger Brokers bietet 24-Stunden Bitcoin ETF Handel weltweit an und ermöglicht Hongkonger Nutzern den direkten Zugang zum Handel mit digitalen Vermögenswerten. Das Unternehmen hat im Januar seine Typ-1-Lizenz aktualisiert, um Dienstleistungen im Bereich der virtuellen Vermögenswerte einzuschließen. Im Juni erhielten Privatanleger in Hongkong Zugang zum Handel mit virtuellen Vermögenswerten wie BTC, ETH, AVAX und LINK.

Die institutionelle Wealth-Plattform von Tiger Brokers, TradingFront, bietet fortgeschrittene Orderarten für die Investition in Bitcoin ETFs, einschließlich TWAP und VWAP Orders. Xu betonte die Notwendigkeit für stärkere regulatorische Rahmenbedingungen und den Schutz von Investoren, um die Zugänglichkeit zu erhöhen und den Bereich der digitalen Vermögenswerte zu legitimieren.

Positive
  • Tiger Brokers offers 24-hour Bitcoin ETF trading globally
  • Company upgraded its Type 1 licence to include virtual asset dealing services in Hong Kong
  • Retail investors in Hong Kong can now trade virtual assets including BTC, ETH, AVAX, and LINK
  • TradingFront platform provides advanced order types for institutional Bitcoin ETF investing
Negative
  • None.

Insights

The introduction of Bitcoin ETFs represents a significant development in bridging traditional finance and digital assets. This move could potentially increase institutional demand and contribute to market stability, as noted by Yang Xu. The approval of Bitcoin ETFs in various jurisdictions could lead to:

  • Safer access to cryptocurrencies for traditional investors
  • Increased portfolio diversification opportunities
  • Greater market stability due to long-term institutional investments

Tiger Brokers' strategic positioning in this space, including their 24-hour Bitcoin ETF trading and the expansion of their Hong Kong operations to include virtual asset trading for both professional and retail investors, demonstrates their proactive approach to market trends. The upgrade of their Type 1 licence and the launch of virtual asset trading services in Hong Kong puts them at the forefront of this emerging market segment.

The company's institutional wealth platform, TradingFront, offers sophisticated trading tools like TWAP and VWAP orders, which could attract institutional clients looking to execute large trades efficiently. This positions Tiger Brokers well to capitalize on the growing institutional interest in cryptocurrency investments.

However, the success of Bitcoin ETFs and broader cryptocurrency adoption still hinges on regulatory developments and market acceptance. Investors should monitor regulatory progress and institutional adoption rates as key indicators of the potential growth and stability in this sector.

HONG KONG, Oct. 8, 2024 /PRNewswire/ -- Yang Xu, Global Partner at leading global online brokerage Tiger Brokers, shared insights on how Bitcoin Exchange-Traded Funds (ETFs) are shaping the traditional finance industry while speaking at InnoBlock 2024, one of TOKEN2049's largest side events this year. Xu participated in a panel discussion titled Bitcoin ETFs and Traditional Finance: Bridging the Gap, where he shared that Bitcoin ETFs help to provide safer access to the underlying cryptocurrency while addressing several long-standing issues within the digital asset space, such as master custodian concerns.

With the approval of Bitcoin ETFs on the horizon in several jurisdictions, the panel centred on how these ETFs are seeing increased institutional demand, as well as the regulatory challenges the industry needs to solve in order to create a safer environment for wider institutional adoption of digital assets. Xu added that greater institutional demand from mature investors, particularly those seeking portfolio diversification and longer-term investments, could potentially contribute to greater market stability.

In addition to the panel discussion, Xu highlighted that there has also been increased interest from retail investors beyond institutional demand for digital asset trading. To meet this need, Tiger Brokers provides 24-hour Bitcoin ETF trading to its users globally. Moreover, Tiger Brokers (HK) provides its Hong Kong users direct access to digital asset trading. In January this year, it upgraded its Type 1 licence to include virtual asset dealing services, becoming one of the first mainstream fintech brokerage firms in Hong Kong to do so. In May, virtual asset trading services were officially launched to professional investors in Hong Kong. These services were then fully expanded to retail investors in June after SFC's approval, and currently retail investors in Hong Kong can trade virtual assets including BTC, ETH, AVAX, and LINK.

Xu also added that Tiger Brokers' institutional wealth platform, TradingFront, provides its institutional clients a competitive edge in Bitcoin ETF investing by offering a variety of order types, including time-weighted average price (TWAP) and volume-weighted average price (VWAP) orders, which are particularly useful for institutions seeking to execute large trades without significantly impacting market prices. TradingFront also supports conditional orders, allowing clients to set specific conditions under which trades should be executed, such as price triggers or time constraints.

"Ultimately, greater institutional inflows and uptake of Bitcoin ETFs would be a welcome addition — but to increase accessibility, the industry first needs to focus on strengthening regulatory frameworks, enhancing investor protections, and fostering collaboration among market participants. By proactively addressing these concerns, the industry can pave the way for broader approval of Bitcoin ETFs and further legitimize the digital asset space. Looking into the future, it would be exciting to see Bitcoin ETFs in the region, such as on the Hong Kong Stock Exchange, and witness how this will impact Southeast Asia's traditional finance landscape," added Xu.

-ENDS-

About Tiger Brokers:

Tiger Brokers (Nasdaq: TIGR), founded in 2014, is a leading online brokerage firm with a focus on redefining global investing with technologies for the next generation.

Since our inception, the company has relentlessly offered a superior user experience to let everyone enjoy efficient and smart global investing, by bringing a multitude of quality financial products and services across brokerage, employee stock ownership plan (ESOP) management, investment banking, wealth management, investor community, and investor education in our pursuit of becoming a world-leading online brokerage.

We strive to elevate financial technology R&D to a new level. While we inherit the best traditions from the financial sector and blend them with the best minds of tech experts, we develop our own technology infrastructure—an aggregation that enables multi-currency trading of various products across markets, guaranteeing our reliable, secure, and scalable services are accessible to all with low latency.

Currently, we serve over 10 million users and over 2 million account holders worldwide on our flagship platform "Tiger Trade", own 78 licences and qualifications in different markets, and have over 1,000 employees on the team in Singapore, New Zealand, the US, Hong Kong, Australia, and China. In 2019, the company was listed on Nasdaq as UP Fintech Holding Limited under the ticker TIGR.

For more information about Tiger Brokers as a company, please visit itiger.com.

About Tiger Brokers (HK)

Tiger Brokers (HK) Global Limited (Central number: BMU940) holds Class 1, 2, 4, 5 and 9 licences of the SFC. Starting from 30th November 2022, with Tiger Trade, Tiger Brokers' flagship app, Hong Kong users can trade financial products from major markets around the world, such as Hong Kong stocks, warrants, options, US stocks, US fractional shares and ETFs, etc., providing a one-stop solution to their investment needs. In the future, we will continue to expand our trading markets and categories to better serve Hong Kong investors.

For more information about Tiger Brokers (HK), please visit tigerbrokers.com.hk

About TradingFront:

TradingFront by Tiger Brokers is the next-gen institutional wealth management platform that provides independent wealth and asset managers and family offices with solutions that enable better management of client investments and enhance operational service efficiency.

For more information, please visit https://www.itiger.com/sg/market/tradingfront?lang=en_US.

Cision View original content:https://www.prnewswire.com/news-releases/tiger-brokers-yang-xu-shares-insights-on-bitcoin-etfs-bridging-the-gap-between-traditional-finance-and-digital-assets-302270164.html

SOURCE Tiger Brokers

FAQ

What did Yang Xu discuss about Bitcoin ETFs at InnoBlock 2024?

Yang Xu discussed how Bitcoin ETFs provide safer access to cryptocurrencies, address custodian concerns, and potentially contribute to market stability due to increased institutional demand.

What virtual asset trading services does Tiger Brokers (TIGR) offer in Hong Kong?

Tiger Brokers (TIGR) offers direct access to digital asset trading for both professional and retail investors in Hong Kong, including trading of BTC, ETH, AVAX, and LINK.

When did Tiger Brokers (TIGR) expand its virtual asset trading services to retail investors in Hong Kong?

Tiger Brokers (TIGR) fully expanded its virtual asset trading services to retail investors in Hong Kong in June 2024, after receiving approval from the SFC.

What advanced features does Tiger Brokers' TradingFront platform offer for Bitcoin ETF investing?

TradingFront offers advanced order types for Bitcoin ETF investing, including time-weighted average price (TWAP) and volume-weighted average price (VWAP) orders, as well as conditional orders with specific execution conditions.

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