Share this article
Chinese Brokerages Look Overseas to Offer Crypto Trading: Report
Brokerage platforms Tiger Brokers and Futu said they will offer crypto trading specifically to customers outside mainland China.
Updated Sep 14, 2021, 1:04 p.m. Published Jun 1, 2021, 10:59 a.m.
Chinese brokerage platforms Tiger Brokers and Futu are planning to expand into digital-currency overseas amid Beijing's crypto crackdown.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Beijing-based Tiger Brokers and Shenzhen-based Futu both unveiled plans to offer crypto trading during their earnings calls, the South China Morning Post reported Tuesday.
- Both firms said they would only be targeting clients outside mainland China.
- Chinese regulators announced recently the country would take a stricter approach to bitcoin mining, with the People's Bank of China prohibiting financial institutions from providing services to crypto companies.
- "We're in the process of applying for digital currency-related licenses in the U.S., Singapore and Hong Kong," Robin Li Xu, senior vice president of Tencent-backed Futu, said on May 19.
- Wu Tianhua, CEO of Xiaomi-backed Tiger, said on May 25 that the firm is applying for "relevant licenses" to offer crypto trading, without indicating specific markets.
Read more: Huobi Scales Back Due to China Crackdown; Bitcoin Falls Below $32K, Ether Past $2K
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin Dips Below $90K Amid Fading Risk Appetite Ahead of Key Macro Events
Bitcoin hovered below $90,000 on Sunday as low liquidity, altcoin weakness and looming U.S. and global data kept traders cautious.
What to know:
- Bitcoin slipped below $90,000 in low-liquidity Sunday trading.
- Ether showed relative strength while major altcoins lagged.
- Traders are positioning ahead of a busy week of U.S. data and central bank events.
Top Stories
