On January 27, Tiger Brokers (Hong Kong) (hereinafter referred to as "Tiger Brokers") is pleased to announce that YAX (Hong Kong) Limited (hereinafter referred to as "YAX"), a wholly-owned subsidiary of Tiger International, has today obtained a Type 1 (Securities Trading) license and a Type 7 (Providing Automated Trading Services) license from the Securities and Futures Commission of Hong Kong (hereinafter referred to as the "Hong Kong Securities and Futures Commission"), officially becoming a licensed virtual asset trading platform operator in Hong Kong, and has also been approved to expand the scope of its license to engage in retail business. YAX will strive to provide the public with comprehensive virtual asset services, ensure the safety and stability of virtual asset transactions, and safeguard the assets of users.
After the platform is officially launched, customers can use the platform to custody and trade cryptocurrencies, realizing a one-stop asset management experience. YAX not only provides a secure and reliable custody service to ensure the comprehensive protection of digital assets, but also improves the convenience of fund flow with a smooth and efficient trading process.
In addition, while pursuing innovation, YAX also attaches great importance to user safety. The platform has a rigorous security system, with customer funds stored separately and effectively segregated from YAX's operating funds, and protected by institutional-level custody insurance, ensuring the safety of user accounts and assets.
Tiger International founder and CEO Wu Tianhua said: "The global virtual asset field has developed rapidly in recent years, with huge potential, and cryptocurrencies are the investment trend of the future. The establishment of YAX not only demonstrates our confidence in the potential of this market, but also marks our firm commitment to establishing a transparent and secure trading environment. In recent years, Tiger Brokers has actively promoted the development of virtual assets and the prosperity of Hong Kong's virtual asset ecosystem, helping Hong Kong become a global center for virtual asset trading."
YAX (Hong Kong) Limited CEO Liu Kai said: "As an innovative pioneer, YAX is not only committed to providing users with a safer, more efficient and open trading platform, but also actively addressing various challenges in cryptocurrency trading. Today, we have obtained the virtual asset trading platform operator license from the Hong Kong Securities and Futures Commission, which is a full recognition of our company's strength. In the future, we will focus on improving trading speed, reducing custody risk, and ensuring the transparency and security of the trading process, creating the best trading experience for users."
About Tiger Brokers (Hong Kong)
Tiger Brokers (Hong Kong) Global Limited (CE Number: BMU940) holds Type 1, 2, 4, 5, and 9 licenses from the Hong Kong Securities and Futures Commission. Starting from November 30, 2022, Hong Kong customers can trade financial products such as Hong Kong stocks, warrants, callable bull/bear contracts, US stocks and US stock fractions, and ETFs in major global markets through the Tiger Trade app, providing a one-stop solution for investment needs. In the future, we will continue to expand the trading markets and categories to better serve Hong Kong investors.
YAX (Hong Kong) Limited
YAX (Hong Kong) Limited (CE Number: BUT913) is a wholly-owned subsidiary of Tiger International, a NASDAQ-listed company headquartered in Singapore.
YAX is a top-tier cryptocurrency trading platform that provides users with convenient digital asset trading and deposit/withdrawal services. The platform uses advanced security systems to ensure that customer funds are stored separately and securely protected. At the same time, it provides institutional-level custody insurance to effectively safeguard user accounts and assets, enhancing trust and reliability.
For more details, please visit the YAX website at https://www.yax.hk/.
About Tiger International
Tiger International (NASDAQ stock code: TIGR), founded in 2014, is a next-generation leading fintech broker focused on developing global investment technology.
Since its inception, we have been committed to providing an excellent user experience and delivering high-efficiency and intelligent financial services to our clients. By offering quality securities brokerage services, equity incentive plan (ESOP) management, investment banking services, wealth management, investor social platforms, and investor education, we strive to become a world-class fintech broker.
We are also committed to breaking through the level of fintech research and development. Combining the excellent traditions of the financial field and the innovative thinking of technology experts, Tiger International's self-developed technology architecture supports multi-currency, cross-market, and cross-product trading, providing reliable, secure, scalable, and low-latency financial services, allowing more people to enjoy the pleasure of investing.
Currently, Tiger International's flagship trading platform Tiger Trade has over 10 million global users and over 2 million registered customers, and holds licenses or permits in 78 different markets. The group has over 1,000 employees worldwide, spanning China's Hong Kong, Singapore, New Zealand, the United States, Australia, and mainland China. In 2019, Tiger International was listed on the NASDAQ exchange under the name UP Fintech Holding Limited, with the stock code TIGR.
