Tiger Brokers, Futu plan to launch cryptocurrency trading services outside China, taking on Robinhood, eToro

Source: South China Morning PostChinese online brokerages Tiger Brokers and Futu are planning to expand into cryptocurrency trading, joining western peers such as Robinhood in the US, and Israel’s eToro in attempts to turn volatile digital coins into mainstream assets.The Nasdaq-listed brokers have unveiled their new business plans during first-quarter earnings calls in the past month, competing and segregating for a growing pool of young and mobile traders outside mainland China.The move has come amid China’s crackdown on…Read More

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