UP Fintech Holding Limited Announces Uplift of Type 1 License by Hong Kong SFC to include Virtual Asset dealing service for Professional Investors

SINGAPORE, Jan. 25, 2024 (GLOBE NEWSWIRE) — UP Fintech Holding Limited (NASDAQ:TIGR) (“UP Fintech” or the “Company”), a leading online brokerage firm focusing on global investors, today announced that its Hong Kong subsidiary has officially upgraded its Type 1 license to include virtual asset dealing service, making it one of the first mainstream online brokerage firms in Hong Kong to receive approval for such a license upgrade. This successful upgrade opens the door for providing cryptocurrency trading services to Professional Investor clients in Hong Kong through its flagship platform, Tiger Trade. By integrating Tiger Brokers’ technology-driven brokerage expertise, the company aims to offer Professional Investors in Hong Kong an unparalleled convenience of seamless trading of both traditional securities and cryptocurrencies on a unified platform. In the future, the Company also plans to open virtual asset trading to retail investors, subject to authorities’ approval.

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