China’s Robinhood rivals pile into the crypto craze as they look to compete overseas

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China’s Robinhood rivals pile into the crypto craze as they look to compete overseas

CNBC2021-06-01

KEY POINTS Two of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas. Futu and Tiger Brokers said this month they are applying for licenses in ...

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Samho12
·2021-06-03
Should I transfer my coins from hako to tigerbrokers after this?
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蔚来的未来
·2021-06-02
興奮?
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1
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Chinwei91
·2021-06-01
good..let make it on board!
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TingZZ
·2021-06-01
Pls like n comment. Thanks
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Ryuhahaha
·2021-06-01
All the way tiger roar on!!!
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Cheetah89
·2021-06-01
Great
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IXC
·2021-06-01
Love this [Happy]
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Pkong
·2021-06-01
Good
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1
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yyhwin
·2021-06-01
Like and comment pleas
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1
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Fanatics
·2021-06-01
Gogog
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3
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老Uncle
·2021-06-01
sweet ??
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- Louiselle:
  Haha
  2021-06-01
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Cfgramos
·2021-06-01
How exciting if Tiger were to finally trade Cryptos!
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- valueTrader:
  it will be good
  2021-06-01
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sh99
·2021-06-01
good
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In the last few weeks, authorities issued new warnings against digital currency trading and a crackdown on bitcoin mining— an energy-heavy computing process that allows participants to earn bitcoin.\nBut in the financial trading world, demand for cryptocurrencies is high as bitcoin’s price surged to record levels above $60,000, before dropping sharply to around $35,000.\nRobinhood, which launched bitcoin and ethereum trading in the U.S. in early 2018, has added 3 million customers a month this year for its crypto business. In April, U.S.-based cryptocurrency trading site Coinbase debuted on the Nasdaq.\n“We do hear a lot of interest from our users across the world in terms of crypto. We have listened to that,” Arthur Chen, Futu’s chief financial officer, told CNBC last week. He said the company hopes to offer cryptocurrency-related products as soon as the end of this year.\nBoth Futu and Tiger Brokers got their start primarily from Chinese employees of major tech companies like Alibaba and Baidu. Since these companies are listed in the U.S., that piqued their employees’ interest in trading stocks abroad.\nHowever, both companies are increasingly focused on markets outside mainland China. In addition to essentially banning yuan-bitcoin transactions, Beijing tightly controls capital flows out of the mainland.\nFutu has gained 100,000 paying clients in Singapore less than three months since launching there in early March, Chen said. He said about one-fourth of new paying clients in the first quarter came from Singapore and the U.S.\nIn the international retail trading market, the two companies face competition not just from Robinhood but traditional players such as Interactive Brokers. Both Futu and Tiger seek to attract customers with an in-app social network where users can swap trading ideas and watch investor education courses.\nBy the end of March, Futu said it had 789,652 customers with assets in their trading accounts, more than three times that of a year ago.\nTiger said the number of customers with deposits more than doubled in the first quarter from a year ago to 376,000.\nCooling interest in IPOs\nCustomers are very interested in cryptocurrencies and Coinbase’s stock listing attracted new users, Tiger Brokers’ CEO Tianhua Wu told CNBC last week.\nBut he said users’ overall interest in initial public offerings has cooled off from last year. While exuberance over IPOs then might have generated $1 billion or more worth of orders around a listing, now the offerings are drawing far less in terms of orders, Wu said.\nLast week, both Futu and Tiger Brokers were added to MSCI stock indexes, which are tracked by trillions of global investment dollars.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":111624112,"gmtCreate":1622679689036,"gmtModify":1704188688360,"author":{"id":"3583976241858971","authorId":"3583976241858971","name":"Samho12","avatar":"https://static.tigerbbs.com/7356ff75a9fbe97c05303665321e79f2","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3583976241858971","authorIdStr":"3583976241858971"},"htmlText":"Should I transfer my coins from hako to tigerbrokers after this?","listText":"Should I transfer my coins from hako to tigerbrokers after this?","text":"Should I transfer my coins from hako to tigerbrokers after this?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/111624112","repostId":1102282264,"repostType":2,"repost":{"id":"1102282264","pubTimestamp":1622547304,"share":"https://ttm.financial/m/news/1102282264?lang=&edition=fundamental","pubTime":"2021-06-01 19:35","market":"us","language":"en","title":"China’s Robinhood rivals pile into the crypto craze as they look to compete overseas","url":"https://stock-news.laohu8.com/highlight/detail?id=1102282264","media":"CNBC","summary":"KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as ","content":"<div>\n<p>KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s Robinhood rivals pile into the crypto craze as they look to compete overseas\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-01 19:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1102282264","content_text":"KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in Singapore and the U.S. that will allow local customers to trade cryptocurrencies.\nThe move comes as digital currency prices fall and Beijing increases its efforts to limit speculation in the market.\n\nBEIJING — Two of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nThe companies,Futu and Tiger Brokers, disclosed during earnings calls last month they are applying for licenses in Singapore and the U.S. that would allow local customers to trade digital currencies.\nThe move comes as cryptocurrencies such as bitcoin have climbed back into the spotlight in recent months, while Chinese regulators have increased their efforts to limit speculation in the market. In the last few weeks, authorities issued new warnings against digital currency trading and a crackdown on bitcoin mining— an energy-heavy computing process that allows participants to earn bitcoin.\nBut in the financial trading world, demand for cryptocurrencies is high as bitcoin’s price surged to record levels above $60,000, before dropping sharply to around $35,000.\nRobinhood, which launched bitcoin and ethereum trading in the U.S. in early 2018, has added 3 million customers a month this year for its crypto business. In April, U.S.-based cryptocurrency trading site Coinbase debuted on the Nasdaq.\n“We do hear a lot of interest from our users across the world in terms of crypto. We have listened to that,” Arthur Chen, Futu’s chief financial officer, told CNBC last week. He said the company hopes to offer cryptocurrency-related products as soon as the end of this year.\nBoth Futu and Tiger Brokers got their start primarily from Chinese employees of major tech companies like Alibaba and Baidu. Since these companies are listed in the U.S., that piqued their employees’ interest in trading stocks abroad.\nHowever, both companies are increasingly focused on markets outside mainland China. In addition to essentially banning yuan-bitcoin transactions, Beijing tightly controls capital flows out of the mainland.\nFutu has gained 100,000 paying clients in Singapore less than three months since launching there in early March, Chen said. He said about one-fourth of new paying clients in the first quarter came from Singapore and the U.S.\nIn the international retail trading market, the two companies face competition not just from Robinhood but traditional players such as Interactive Brokers. Both Futu and Tiger seek to attract customers with an in-app social network where users can swap trading ideas and watch investor education courses.\nBy the end of March, Futu said it had 789,652 customers with assets in their trading accounts, more than three times that of a year ago.\nTiger said the number of customers with deposits more than doubled in the first quarter from a year ago to 376,000.\nCooling interest in IPOs\nCustomers are very interested in cryptocurrencies and Coinbase’s stock listing attracted new users, Tiger Brokers’ CEO Tianhua Wu told CNBC last week.\nBut he said users’ overall interest in initial public offerings has cooled off from last year. While exuberance over IPOs then might have generated $1 billion or more worth of orders around a listing, now the offerings are drawing far less in terms of orders, Wu said.\nLast week, both Futu and Tiger Brokers were added to MSCI stock indexes, which are tracked by trillions of global investment dollars.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":113164460,"gmtCreate":1622598660750,"gmtModify":1704187053581,"author":{"id":"3568806698900014","authorId":"3568806698900014","name":"蔚来的未来","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3568806698900014","authorIdStr":"3568806698900014"},"htmlText":"興奮?","listText":"興奮?","text":"興奮?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/113164460","repostId":1102282264,"repostType":2,"repost":{"id":"1102282264","pubTimestamp":1622547304,"share":"https://ttm.financial/m/news/1102282264?lang=&edition=fundamental","pubTime":"2021-06-01 19:35","market":"us","language":"en","title":"China’s Robinhood rivals pile into the crypto craze as they look to compete overseas","url":"https://stock-news.laohu8.com/highlight/detail?id=1102282264","media":"CNBC","summary":"KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as ","content":"<div>\n<p>KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s Robinhood rivals pile into the crypto craze as they look to compete overseas</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s Robinhood rivals pile into the crypto craze as they look to compete overseas\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-01 19:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1102282264","content_text":"KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in Singapore and the U.S. that will allow local customers to trade cryptocurrencies.\nThe move comes as digital currency prices fall and Beijing increases its efforts to limit speculation in the market.\n\nBEIJING — Two of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nThe companies,Futu and Tiger Brokers, disclosed during earnings calls last month they are applying for licenses in Singapore and the U.S. that would allow local customers to trade digital currencies.\nThe move comes as cryptocurrencies such as bitcoin have climbed back into the spotlight in recent months, while Chinese regulators have increased their efforts to limit speculation in the market. In the last few weeks, authorities issued new warnings against digital currency trading and a crackdown on bitcoin mining— an energy-heavy computing process that allows participants to earn bitcoin.\nBut in the financial trading world, demand for cryptocurrencies is high as bitcoin’s price surged to record levels above $60,000, before dropping sharply to around $35,000.\nRobinhood, which launched bitcoin and ethereum trading in the U.S. in early 2018, has added 3 million customers a month this year for its crypto business. In April, U.S.-based cryptocurrency trading site Coinbase debuted on the Nasdaq.\n“We do hear a lot of interest from our users across the world in terms of crypto. We have listened to that,” Arthur Chen, Futu’s chief financial officer, told CNBC last week. He said the company hopes to offer cryptocurrency-related products as soon as the end of this year.\nBoth Futu and Tiger Brokers got their start primarily from Chinese employees of major tech companies like Alibaba and Baidu. Since these companies are listed in the U.S., that piqued their employees’ interest in trading stocks abroad.\nHowever, both companies are increasingly focused on markets outside mainland China. In addition to essentially banning yuan-bitcoin transactions, Beijing tightly controls capital flows out of the mainland.\nFutu has gained 100,000 paying clients in Singapore less than three months since launching there in early March, Chen said. He said about one-fourth of new paying clients in the first quarter came from Singapore and the U.S.\nIn the international retail trading market, the two companies face competition not just from Robinhood but traditional players such as Interactive Brokers. Both Futu and Tiger seek to attract customers with an in-app social network where users can swap trading ideas and watch investor education courses.\nBy the end of March, Futu said it had 789,652 customers with assets in their trading accounts, more than three times that of a year ago.\nTiger said the number of customers with deposits more than doubled in the first quarter from a year ago to 376,000.\nCooling interest in IPOs\nCustomers are very interested in cryptocurrencies and Coinbase’s stock listing attracted new users, Tiger Brokers’ CEO Tianhua Wu told CNBC last week.\nBut he said users’ overall interest in initial public offerings has cooled off from last year. While exuberance over IPOs then might have generated $1 billion or more worth of orders around a listing, now the offerings are drawing far less in terms of orders, Wu said.\nLast week, both Futu and Tiger Brokers were added to MSCI stock indexes, which are tracked by trillions of global investment dollars.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":119571102,"gmtCreate":1622556815606,"gmtModify":1704186291478,"author":{"id":"3583274338994773","authorId":"3583274338994773","name":"Chinwei91","avatar":"https://static.tigerbbs.com/ce612f7275f0ad256677ff051df8ae5d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3583274338994773","authorIdStr":"3583274338994773"},"htmlText":"good..let make it on board!","listText":"good..let make it on board!","text":"good..let make it on board!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/119571102","repostId":1102282264,"repostType":4,"repost":{"id":"1102282264","pubTimestamp":1622547304,"share":"https://ttm.financial/m/news/1102282264?lang=&edition=fundamental","pubTime":"2021-06-01 19:35","market":"us","language":"en","title":"China’s Robinhood rivals pile into the crypto craze as they look to compete overseas","url":"https://stock-news.laohu8.com/highlight/detail?id=1102282264","media":"CNBC","summary":"KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as ","content":"<div>\n<p>KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s Robinhood rivals pile into the crypto craze as they look to compete overseas</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s Robinhood rivals pile into the crypto craze as they look to compete overseas\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-01 19:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1102282264","content_text":"KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in Singapore and the U.S. that will allow local customers to trade cryptocurrencies.\nThe move comes as digital currency prices fall and Beijing increases its efforts to limit speculation in the market.\n\nBEIJING — Two of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nThe companies,Futu and Tiger Brokers, disclosed during earnings calls last month they are applying for licenses in Singapore and the U.S. that would allow local customers to trade digital currencies.\nThe move comes as cryptocurrencies such as bitcoin have climbed back into the spotlight in recent months, while Chinese regulators have increased their efforts to limit speculation in the market. In the last few weeks, authorities issued new warnings against digital currency trading and a crackdown on bitcoin mining— an energy-heavy computing process that allows participants to earn bitcoin.\nBut in the financial trading world, demand for cryptocurrencies is high as bitcoin’s price surged to record levels above $60,000, before dropping sharply to around $35,000.\nRobinhood, which launched bitcoin and ethereum trading in the U.S. in early 2018, has added 3 million customers a month this year for its crypto business. In April, U.S.-based cryptocurrency trading site Coinbase debuted on the Nasdaq.\n“We do hear a lot of interest from our users across the world in terms of crypto. We have listened to that,” Arthur Chen, Futu’s chief financial officer, told CNBC last week. He said the company hopes to offer cryptocurrency-related products as soon as the end of this year.\nBoth Futu and Tiger Brokers got their start primarily from Chinese employees of major tech companies like Alibaba and Baidu. Since these companies are listed in the U.S., that piqued their employees’ interest in trading stocks abroad.\nHowever, both companies are increasingly focused on markets outside mainland China. In addition to essentially banning yuan-bitcoin transactions, Beijing tightly controls capital flows out of the mainland.\nFutu has gained 100,000 paying clients in Singapore less than three months since launching there in early March, Chen said. He said about one-fourth of new paying clients in the first quarter came from Singapore and the U.S.\nIn the international retail trading market, the two companies face competition not just from Robinhood but traditional players such as Interactive Brokers. Both Futu and Tiger seek to attract customers with an in-app social network where users can swap trading ideas and watch investor education courses.\nBy the end of March, Futu said it had 789,652 customers with assets in their trading accounts, more than three times that of a year ago.\nTiger said the number of customers with deposits more than doubled in the first quarter from a year ago to 376,000.\nCooling interest in IPOs\nCustomers are very interested in cryptocurrencies and Coinbase’s stock listing attracted new users, Tiger Brokers’ CEO Tianhua Wu told CNBC last week.\nBut he said users’ overall interest in initial public offerings has cooled off from last year. While exuberance over IPOs then might have generated $1 billion or more worth of orders around a listing, now the offerings are drawing far less in terms of orders, Wu said.\nLast week, both Futu and Tiger Brokers were added to MSCI stock indexes, which are tracked by trillions of global investment dollars.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":119517254,"gmtCreate":1622554985178,"gmtModify":1704186216736,"author":{"id":"3571726284384376","authorId":"3571726284384376","name":"TingZZ","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3571726284384376","authorIdStr":"3571726284384376"},"htmlText":"Pls like n comment. Thanks","listText":"Pls like n comment. Thanks","text":"Pls like n comment. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/119517254","repostId":1102282264,"repostType":2,"repost":{"id":"1102282264","pubTimestamp":1622547304,"share":"https://ttm.financial/m/news/1102282264?lang=&edition=fundamental","pubTime":"2021-06-01 19:35","market":"us","language":"en","title":"China’s Robinhood rivals pile into the crypto craze as they look to compete overseas","url":"https://stock-news.laohu8.com/highlight/detail?id=1102282264","media":"CNBC","summary":"KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as ","content":"<div>\n<p>KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s Robinhood rivals pile into the crypto craze as they look to compete overseas</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s Robinhood rivals pile into the crypto craze as they look to compete overseas\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-01 19:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1102282264","content_text":"KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in Singapore and the U.S. that will allow local customers to trade cryptocurrencies.\nThe move comes as digital currency prices fall and Beijing increases its efforts to limit speculation in the market.\n\nBEIJING — Two of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nThe companies,Futu and Tiger Brokers, disclosed during earnings calls last month they are applying for licenses in Singapore and the U.S. that would allow local customers to trade digital currencies.\nThe move comes as cryptocurrencies such as bitcoin have climbed back into the spotlight in recent months, while Chinese regulators have increased their efforts to limit speculation in the market. In the last few weeks, authorities issued new warnings against digital currency trading and a crackdown on bitcoin mining— an energy-heavy computing process that allows participants to earn bitcoin.\nBut in the financial trading world, demand for cryptocurrencies is high as bitcoin’s price surged to record levels above $60,000, before dropping sharply to around $35,000.\nRobinhood, which launched bitcoin and ethereum trading in the U.S. in early 2018, has added 3 million customers a month this year for its crypto business. In April, U.S.-based cryptocurrency trading site Coinbase debuted on the Nasdaq.\n“We do hear a lot of interest from our users across the world in terms of crypto. We have listened to that,” Arthur Chen, Futu’s chief financial officer, told CNBC last week. He said the company hopes to offer cryptocurrency-related products as soon as the end of this year.\nBoth Futu and Tiger Brokers got their start primarily from Chinese employees of major tech companies like Alibaba and Baidu. Since these companies are listed in the U.S., that piqued their employees’ interest in trading stocks abroad.\nHowever, both companies are increasingly focused on markets outside mainland China. In addition to essentially banning yuan-bitcoin transactions, Beijing tightly controls capital flows out of the mainland.\nFutu has gained 100,000 paying clients in Singapore less than three months since launching there in early March, Chen said. He said about one-fourth of new paying clients in the first quarter came from Singapore and the U.S.\nIn the international retail trading market, the two companies face competition not just from Robinhood but traditional players such as Interactive Brokers. Both Futu and Tiger seek to attract customers with an in-app social network where users can swap trading ideas and watch investor education courses.\nBy the end of March, Futu said it had 789,652 customers with assets in their trading accounts, more than three times that of a year ago.\nTiger said the number of customers with deposits more than doubled in the first quarter from a year ago to 376,000.\nCooling interest in IPOs\nCustomers are very interested in cryptocurrencies and Coinbase’s stock listing attracted new users, Tiger Brokers’ CEO Tianhua Wu told CNBC last week.\nBut he said users’ overall interest in initial public offerings has cooled off from last year. While exuberance over IPOs then might have generated $1 billion or more worth of orders around a listing, now the offerings are drawing far less in terms of orders, Wu said.\nLast week, both Futu and Tiger Brokers were added to MSCI stock indexes, which are tracked by trillions of global investment dollars.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":119536327,"gmtCreate":1622554530469,"gmtModify":1704186197760,"author":{"id":"3574628824785575","authorId":"3574628824785575","name":"Ryuhahaha","avatar":"https://static.tigerbbs.com/f120e9ade7d1ea48fc6c818e3b76edbb","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3574628824785575","authorIdStr":"3574628824785575"},"htmlText":"All the way tiger roar on!!!","listText":"All the way tiger roar on!!!","text":"All the way tiger roar on!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/119536327","repostId":1102282264,"repostType":4,"repost":{"id":"1102282264","pubTimestamp":1622547304,"share":"https://ttm.financial/m/news/1102282264?lang=&edition=fundamental","pubTime":"2021-06-01 19:35","market":"us","language":"en","title":"China’s Robinhood rivals pile into the crypto craze as they look to compete overseas","url":"https://stock-news.laohu8.com/highlight/detail?id=1102282264","media":"CNBC","summary":"KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as ","content":"<div>\n<p>KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s Robinhood rivals pile into the crypto craze as they look to compete overseas</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s Robinhood rivals pile into the crypto craze as they look to compete overseas\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-01 19:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1102282264","content_text":"KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in Singapore and the U.S. that will allow local customers to trade cryptocurrencies.\nThe move comes as digital currency prices fall and Beijing increases its efforts to limit speculation in the market.\n\nBEIJING — Two of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nThe companies,Futu and Tiger Brokers, disclosed during earnings calls last month they are applying for licenses in Singapore and the U.S. that would allow local customers to trade digital currencies.\nThe move comes as cryptocurrencies such as bitcoin have climbed back into the spotlight in recent months, while Chinese regulators have increased their efforts to limit speculation in the market. In the last few weeks, authorities issued new warnings against digital currency trading and a crackdown on bitcoin mining— an energy-heavy computing process that allows participants to earn bitcoin.\nBut in the financial trading world, demand for cryptocurrencies is high as bitcoin’s price surged to record levels above $60,000, before dropping sharply to around $35,000.\nRobinhood, which launched bitcoin and ethereum trading in the U.S. in early 2018, has added 3 million customers a month this year for its crypto business. In April, U.S.-based cryptocurrency trading site Coinbase debuted on the Nasdaq.\n“We do hear a lot of interest from our users across the world in terms of crypto. We have listened to that,” Arthur Chen, Futu’s chief financial officer, told CNBC last week. He said the company hopes to offer cryptocurrency-related products as soon as the end of this year.\nBoth Futu and Tiger Brokers got their start primarily from Chinese employees of major tech companies like Alibaba and Baidu. Since these companies are listed in the U.S., that piqued their employees’ interest in trading stocks abroad.\nHowever, both companies are increasingly focused on markets outside mainland China. In addition to essentially banning yuan-bitcoin transactions, Beijing tightly controls capital flows out of the mainland.\nFutu has gained 100,000 paying clients in Singapore less than three months since launching there in early March, Chen said. He said about one-fourth of new paying clients in the first quarter came from Singapore and the U.S.\nIn the international retail trading market, the two companies face competition not just from Robinhood but traditional players such as Interactive Brokers. Both Futu and Tiger seek to attract customers with an in-app social network where users can swap trading ideas and watch investor education courses.\nBy the end of March, Futu said it had 789,652 customers with assets in their trading accounts, more than three times that of a year ago.\nTiger said the number of customers with deposits more than doubled in the first quarter from a year ago to 376,000.\nCooling interest in IPOs\nCustomers are very interested in cryptocurrencies and Coinbase’s stock listing attracted new users, Tiger Brokers’ CEO Tianhua Wu told CNBC last week.\nBut he said users’ overall interest in initial public offerings has cooled off from last year. While exuberance over IPOs then might have generated $1 billion or more worth of orders around a listing, now the offerings are drawing far less in terms of orders, Wu said.\nLast week, both Futu and Tiger Brokers were added to MSCI stock indexes, which are tracked by trillions of global investment dollars.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":119249083,"gmtCreate":1622552059042,"gmtModify":1704186135984,"author":{"id":"3583233379322937","authorId":"3583233379322937","name":"Cheetah89","avatar":"https://static.tigerbbs.com/b8db55ea74f4f68571d2b242a705a50b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3583233379322937","authorIdStr":"3583233379322937"},"htmlText":"Great&nbsp;","listText":"Great&nbsp;","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/119249083","repostId":1102282264,"repostType":4,"repost":{"id":"1102282264","pubTimestamp":1622547304,"share":"https://ttm.financial/m/news/1102282264?lang=&edition=fundamental","pubTime":"2021-06-01 19:35","market":"us","language":"en","title":"China’s Robinhood rivals pile into the crypto craze as they look to compete overseas","url":"https://stock-news.laohu8.com/highlight/detail?id=1102282264","media":"CNBC","summary":"KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as ","content":"<div>\n<p>KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s Robinhood rivals pile into the crypto craze as they look to compete overseas</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s Robinhood rivals pile into the crypto craze as they look to compete overseas\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-01 19:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1102282264","content_text":"KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in Singapore and the U.S. that will allow local customers to trade cryptocurrencies.\nThe move comes as digital currency prices fall and Beijing increases its efforts to limit speculation in the market.\n\nBEIJING — Two of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nThe companies,Futu and Tiger Brokers, disclosed during earnings calls last month they are applying for licenses in Singapore and the U.S. that would allow local customers to trade digital currencies.\nThe move comes as cryptocurrencies such as bitcoin have climbed back into the spotlight in recent months, while Chinese regulators have increased their efforts to limit speculation in the market. In the last few weeks, authorities issued new warnings against digital currency trading and a crackdown on bitcoin mining— an energy-heavy computing process that allows participants to earn bitcoin.\nBut in the financial trading world, demand for cryptocurrencies is high as bitcoin’s price surged to record levels above $60,000, before dropping sharply to around $35,000.\nRobinhood, which launched bitcoin and ethereum trading in the U.S. in early 2018, has added 3 million customers a month this year for its crypto business. In April, U.S.-based cryptocurrency trading site Coinbase debuted on the Nasdaq.\n“We do hear a lot of interest from our users across the world in terms of crypto. We have listened to that,” Arthur Chen, Futu’s chief financial officer, told CNBC last week. He said the company hopes to offer cryptocurrency-related products as soon as the end of this year.\nBoth Futu and Tiger Brokers got their start primarily from Chinese employees of major tech companies like Alibaba and Baidu. Since these companies are listed in the U.S., that piqued their employees’ interest in trading stocks abroad.\nHowever, both companies are increasingly focused on markets outside mainland China. In addition to essentially banning yuan-bitcoin transactions, Beijing tightly controls capital flows out of the mainland.\nFutu has gained 100,000 paying clients in Singapore less than three months since launching there in early March, Chen said. He said about one-fourth of new paying clients in the first quarter came from Singapore and the U.S.\nIn the international retail trading market, the two companies face competition not just from Robinhood but traditional players such as Interactive Brokers. Both Futu and Tiger seek to attract customers with an in-app social network where users can swap trading ideas and watch investor education courses.\nBy the end of March, Futu said it had 789,652 customers with assets in their trading accounts, more than three times that of a year ago.\nTiger said the number of customers with deposits more than doubled in the first quarter from a year ago to 376,000.\nCooling interest in IPOs\nCustomers are very interested in cryptocurrencies and Coinbase’s stock listing attracted new users, Tiger Brokers’ CEO Tianhua Wu told CNBC last week.\nBut he said users’ overall interest in initial public offerings has cooled off from last year. While exuberance over IPOs then might have generated $1 billion or more worth of orders around a listing, now the offerings are drawing far less in terms of orders, Wu said.\nLast week, both Futu and Tiger Brokers were added to MSCI stock indexes, which are tracked by trillions of global investment dollars.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":119257959,"gmtCreate":1622551939271,"gmtModify":1704186135281,"author":{"id":"3549961947099138","authorId":"3549961947099138","name":"IXC","avatar":"https://static.tigerbbs.com/0aaf74f45f10bbfd1b6452de17f032b1","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":0,"idStr":"3549961947099138","authorIdStr":"3549961947099138"},"htmlText":"Love this [Happy]&nbsp;","listText":"Love this [Happy]&nbsp;","text":"Love this [Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/119257959","repostId":1102282264,"repostType":2,"repost":{"id":"1102282264","pubTimestamp":1622547304,"share":"https://ttm.financial/m/news/1102282264?lang=&edition=fundamental","pubTime":"2021-06-01 19:35","market":"us","language":"en","title":"China’s Robinhood rivals pile into the crypto craze as they look to compete overseas","url":"https://stock-news.laohu8.com/highlight/detail?id=1102282264","media":"CNBC","summary":"KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as ","content":"<div>\n<p>KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s Robinhood rivals pile into the crypto craze as they look to compete overseas</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s Robinhood rivals pile into the crypto craze as they look to compete overseas\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-01 19:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1102282264","content_text":"KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in Singapore and the U.S. that will allow local customers to trade cryptocurrencies.\nThe move comes as digital currency prices fall and Beijing increases its efforts to limit speculation in the market.\n\nBEIJING — Two of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nThe companies,Futu and Tiger Brokers, disclosed during earnings calls last month they are applying for licenses in Singapore and the U.S. that would allow local customers to trade digital currencies.\nThe move comes as cryptocurrencies such as bitcoin have climbed back into the spotlight in recent months, while Chinese regulators have increased their efforts to limit speculation in the market. In the last few weeks, authorities issued new warnings against digital currency trading and a crackdown on bitcoin mining— an energy-heavy computing process that allows participants to earn bitcoin.\nBut in the financial trading world, demand for cryptocurrencies is high as bitcoin’s price surged to record levels above $60,000, before dropping sharply to around $35,000.\nRobinhood, which launched bitcoin and ethereum trading in the U.S. in early 2018, has added 3 million customers a month this year for its crypto business. In April, U.S.-based cryptocurrency trading site Coinbase debuted on the Nasdaq.\n“We do hear a lot of interest from our users across the world in terms of crypto. We have listened to that,” Arthur Chen, Futu’s chief financial officer, told CNBC last week. He said the company hopes to offer cryptocurrency-related products as soon as the end of this year.\nBoth Futu and Tiger Brokers got their start primarily from Chinese employees of major tech companies like Alibaba and Baidu. Since these companies are listed in the U.S., that piqued their employees’ interest in trading stocks abroad.\nHowever, both companies are increasingly focused on markets outside mainland China. In addition to essentially banning yuan-bitcoin transactions, Beijing tightly controls capital flows out of the mainland.\nFutu has gained 100,000 paying clients in Singapore less than three months since launching there in early March, Chen said. He said about one-fourth of new paying clients in the first quarter came from Singapore and the U.S.\nIn the international retail trading market, the two companies face competition not just from Robinhood but traditional players such as Interactive Brokers. Both Futu and Tiger seek to attract customers with an in-app social network where users can swap trading ideas and watch investor education courses.\nBy the end of March, Futu said it had 789,652 customers with assets in their trading accounts, more than three times that of a year ago.\nTiger said the number of customers with deposits more than doubled in the first quarter from a year ago to 376,000.\nCooling interest in IPOs\nCustomers are very interested in cryptocurrencies and Coinbase’s stock listing attracted new users, Tiger Brokers’ CEO Tianhua Wu told CNBC last week.\nBut he said users’ overall interest in initial public offerings has cooled off from last year. While exuberance over IPOs then might have generated $1 billion or more worth of orders around a listing, now the offerings are drawing far less in terms of orders, Wu said.\nLast week, both Futu and Tiger Brokers were added to MSCI stock indexes, which are tracked by trillions of global investment dollars.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":119228152,"gmtCreate":1622550807176,"gmtModify":1704186115297,"author":{"id":"3582839035509228","authorId":"3582839035509228","name":"Pkong","avatar":"https://static.tigerbbs.com/422230d0b28dec7ead86ce77f77ec2e8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582839035509228","authorIdStr":"3582839035509228"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/119228152","repostId":1102282264,"repostType":4,"repost":{"id":"1102282264","pubTimestamp":1622547304,"share":"https://ttm.financial/m/news/1102282264?lang=&edition=fundamental","pubTime":"2021-06-01 19:35","market":"us","language":"en","title":"China’s Robinhood rivals pile into the crypto craze as they look to compete overseas","url":"https://stock-news.laohu8.com/highlight/detail?id=1102282264","media":"CNBC","summary":"KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as ","content":"<div>\n<p>KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s Robinhood rivals pile into the crypto craze as they look to compete overseas</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s Robinhood rivals pile into the crypto craze as they look to compete overseas\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-01 19:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1102282264","content_text":"KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in Singapore and the U.S. that will allow local customers to trade cryptocurrencies.\nThe move comes as digital currency prices fall and Beijing increases its efforts to limit speculation in the market.\n\nBEIJING — Two of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nThe companies,Futu and Tiger Brokers, disclosed during earnings calls last month they are applying for licenses in Singapore and the U.S. that would allow local customers to trade digital currencies.\nThe move comes as cryptocurrencies such as bitcoin have climbed back into the spotlight in recent months, while Chinese regulators have increased their efforts to limit speculation in the market. In the last few weeks, authorities issued new warnings against digital currency trading and a crackdown on bitcoin mining— an energy-heavy computing process that allows participants to earn bitcoin.\nBut in the financial trading world, demand for cryptocurrencies is high as bitcoin’s price surged to record levels above $60,000, before dropping sharply to around $35,000.\nRobinhood, which launched bitcoin and ethereum trading in the U.S. in early 2018, has added 3 million customers a month this year for its crypto business. In April, U.S.-based cryptocurrency trading site Coinbase debuted on the Nasdaq.\n“We do hear a lot of interest from our users across the world in terms of crypto. We have listened to that,” Arthur Chen, Futu’s chief financial officer, told CNBC last week. He said the company hopes to offer cryptocurrency-related products as soon as the end of this year.\nBoth Futu and Tiger Brokers got their start primarily from Chinese employees of major tech companies like Alibaba and Baidu. Since these companies are listed in the U.S., that piqued their employees’ interest in trading stocks abroad.\nHowever, both companies are increasingly focused on markets outside mainland China. In addition to essentially banning yuan-bitcoin transactions, Beijing tightly controls capital flows out of the mainland.\nFutu has gained 100,000 paying clients in Singapore less than three months since launching there in early March, Chen said. He said about one-fourth of new paying clients in the first quarter came from Singapore and the U.S.\nIn the international retail trading market, the two companies face competition not just from Robinhood but traditional players such as Interactive Brokers. Both Futu and Tiger seek to attract customers with an in-app social network where users can swap trading ideas and watch investor education courses.\nBy the end of March, Futu said it had 789,652 customers with assets in their trading accounts, more than three times that of a year ago.\nTiger said the number of customers with deposits more than doubled in the first quarter from a year ago to 376,000.\nCooling interest in IPOs\nCustomers are very interested in cryptocurrencies and Coinbase’s stock listing attracted new users, Tiger Brokers’ CEO Tianhua Wu told CNBC last week.\nBut he said users’ overall interest in initial public offerings has cooled off from last year. While exuberance over IPOs then might have generated $1 billion or more worth of orders around a listing, now the offerings are drawing far less in terms of orders, Wu said.\nLast week, both Futu and Tiger Brokers were added to MSCI stock indexes, which are tracked by trillions of global investment dollars.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":119220858,"gmtCreate":1622550595874,"gmtModify":1704186105983,"author":{"id":"3581931076615563","authorId":"3581931076615563","name":"yyhwin","avatar":"https://static.tigerbbs.com/78727032603c2751ac0b6b6cfb678920","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":1,"idStr":"3581931076615563","authorIdStr":"3581931076615563"},"htmlText":"Like and comment pleas","listText":"Like and comment pleas","text":"Like and comment pleas","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/119220858","repostId":1102282264,"repostType":4,"repost":{"id":"1102282264","pubTimestamp":1622547304,"share":"https://ttm.financial/m/news/1102282264?lang=&edition=fundamental","pubTime":"2021-06-01 19:35","market":"us","language":"en","title":"China’s Robinhood rivals pile into the crypto craze as they look to compete overseas","url":"https://stock-news.laohu8.com/highlight/detail?id=1102282264","media":"CNBC","summary":"KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as ","content":"<div>\n<p>KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s Robinhood rivals pile into the crypto craze as they look to compete overseas</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s Robinhood rivals pile into the crypto craze as they look to compete overseas\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-01 19:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1102282264","content_text":"KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in Singapore and the U.S. that will allow local customers to trade cryptocurrencies.\nThe move comes as digital currency prices fall and Beijing increases its efforts to limit speculation in the market.\n\nBEIJING — Two of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nThe companies,Futu and Tiger Brokers, disclosed during earnings calls last month they are applying for licenses in Singapore and the U.S. that would allow local customers to trade digital currencies.\nThe move comes as cryptocurrencies such as bitcoin have climbed back into the spotlight in recent months, while Chinese regulators have increased their efforts to limit speculation in the market. In the last few weeks, authorities issued new warnings against digital currency trading and a crackdown on bitcoin mining— an energy-heavy computing process that allows participants to earn bitcoin.\nBut in the financial trading world, demand for cryptocurrencies is high as bitcoin’s price surged to record levels above $60,000, before dropping sharply to around $35,000.\nRobinhood, which launched bitcoin and ethereum trading in the U.S. in early 2018, has added 3 million customers a month this year for its crypto business. In April, U.S.-based cryptocurrency trading site Coinbase debuted on the Nasdaq.\n“We do hear a lot of interest from our users across the world in terms of crypto. We have listened to that,” Arthur Chen, Futu’s chief financial officer, told CNBC last week. He said the company hopes to offer cryptocurrency-related products as soon as the end of this year.\nBoth Futu and Tiger Brokers got their start primarily from Chinese employees of major tech companies like Alibaba and Baidu. Since these companies are listed in the U.S., that piqued their employees’ interest in trading stocks abroad.\nHowever, both companies are increasingly focused on markets outside mainland China. In addition to essentially banning yuan-bitcoin transactions, Beijing tightly controls capital flows out of the mainland.\nFutu has gained 100,000 paying clients in Singapore less than three months since launching there in early March, Chen said. He said about one-fourth of new paying clients in the first quarter came from Singapore and the U.S.\nIn the international retail trading market, the two companies face competition not just from Robinhood but traditional players such as Interactive Brokers. Both Futu and Tiger seek to attract customers with an in-app social network where users can swap trading ideas and watch investor education courses.\nBy the end of March, Futu said it had 789,652 customers with assets in their trading accounts, more than three times that of a year ago.\nTiger said the number of customers with deposits more than doubled in the first quarter from a year ago to 376,000.\nCooling interest in IPOs\nCustomers are very interested in cryptocurrencies and Coinbase’s stock listing attracted new users, Tiger Brokers’ CEO Tianhua Wu told CNBC last week.\nBut he said users’ overall interest in initial public offerings has cooled off from last year. While exuberance over IPOs then might have generated $1 billion or more worth of orders around a listing, now the offerings are drawing far less in terms of orders, Wu said.\nLast week, both Futu and Tiger Brokers were added to MSCI stock indexes, which are tracked by trillions of global investment dollars.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":119269736,"gmtCreate":1622549932225,"gmtModify":1704186095103,"author":{"id":"3575013490492928","authorId":"3575013490492928","name":"Fanatics","avatar":"https://static.tigerbbs.com/070e08d0698113575758a8b6aaf8338c","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3575013490492928","authorIdStr":"3575013490492928"},"htmlText":"Gogog","listText":"Gogog","text":"Gogog","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/119269736","repostId":1102282264,"repostType":4,"repost":{"id":"1102282264","pubTimestamp":1622547304,"share":"https://ttm.financial/m/news/1102282264?lang=&edition=fundamental","pubTime":"2021-06-01 19:35","market":"us","language":"en","title":"China’s Robinhood rivals pile into the crypto craze as they look to compete overseas","url":"https://stock-news.laohu8.com/highlight/detail?id=1102282264","media":"CNBC","summary":"KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as ","content":"<div>\n<p>KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s Robinhood rivals pile into the crypto craze as they look to compete overseas</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s Robinhood rivals pile into the crypto craze as they look to compete overseas\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-01 19:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1102282264","content_text":"KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in Singapore and the U.S. that will allow local customers to trade cryptocurrencies.\nThe move comes as digital currency prices fall and Beijing increases its efforts to limit speculation in the market.\n\nBEIJING — Two of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nThe companies,Futu and Tiger Brokers, disclosed during earnings calls last month they are applying for licenses in Singapore and the U.S. that would allow local customers to trade digital currencies.\nThe move comes as cryptocurrencies such as bitcoin have climbed back into the spotlight in recent months, while Chinese regulators have increased their efforts to limit speculation in the market. In the last few weeks, authorities issued new warnings against digital currency trading and a crackdown on bitcoin mining— an energy-heavy computing process that allows participants to earn bitcoin.\nBut in the financial trading world, demand for cryptocurrencies is high as bitcoin’s price surged to record levels above $60,000, before dropping sharply to around $35,000.\nRobinhood, which launched bitcoin and ethereum trading in the U.S. in early 2018, has added 3 million customers a month this year for its crypto business. In April, U.S.-based cryptocurrency trading site Coinbase debuted on the Nasdaq.\n“We do hear a lot of interest from our users across the world in terms of crypto. We have listened to that,” Arthur Chen, Futu’s chief financial officer, told CNBC last week. He said the company hopes to offer cryptocurrency-related products as soon as the end of this year.\nBoth Futu and Tiger Brokers got their start primarily from Chinese employees of major tech companies like Alibaba and Baidu. Since these companies are listed in the U.S., that piqued their employees’ interest in trading stocks abroad.\nHowever, both companies are increasingly focused on markets outside mainland China. In addition to essentially banning yuan-bitcoin transactions, Beijing tightly controls capital flows out of the mainland.\nFutu has gained 100,000 paying clients in Singapore less than three months since launching there in early March, Chen said. He said about one-fourth of new paying clients in the first quarter came from Singapore and the U.S.\nIn the international retail trading market, the two companies face competition not just from Robinhood but traditional players such as Interactive Brokers. Both Futu and Tiger seek to attract customers with an in-app social network where users can swap trading ideas and watch investor education courses.\nBy the end of March, Futu said it had 789,652 customers with assets in their trading accounts, more than three times that of a year ago.\nTiger said the number of customers with deposits more than doubled in the first quarter from a year ago to 376,000.\nCooling interest in IPOs\nCustomers are very interested in cryptocurrencies and Coinbase’s stock listing attracted new users, Tiger Brokers’ CEO Tianhua Wu told CNBC last week.\nBut he said users’ overall interest in initial public offerings has cooled off from last year. While exuberance over IPOs then might have generated $1 billion or more worth of orders around a listing, now the offerings are drawing far less in terms of orders, Wu said.\nLast week, both Futu and Tiger Brokers were added to MSCI stock indexes, which are tracked by trillions of global investment dollars.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":119212576,"gmtCreate":1622548859695,"gmtModify":1704186075086,"author":{"id":"3581063216443091","authorId":"3581063216443091","name":"老Uncle","avatar":"https://static.tigerbbs.com/ef0828d104dbb47c9e2122177cf0d3b5","vip":1,"hat":"https://static.tigerbbs.com/6444b4970948c1077534c593eccd6d16","crmLevel":4,"crmLevelSwitch":1,"idStr":"3581063216443091","authorIdStr":"3581063216443091"},"htmlText":"sweet ??","listText":"sweet ??","text":"sweet ??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/119212576","repostId":1102282264,"repostType":2,"repost":{"id":"1102282264","pubTimestamp":1622547304,"share":"https://ttm.financial/m/news/1102282264?lang=&edition=fundamental","pubTime":"2021-06-01 19:35","market":"us","language":"en","title":"China’s Robinhood rivals pile into the crypto craze as they look to compete overseas","url":"https://stock-news.laohu8.com/highlight/detail?id=1102282264","media":"CNBC","summary":"KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as ","content":"<div>\n<p>KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s Robinhood rivals pile into the crypto craze as they look to compete overseas</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s Robinhood rivals pile into the crypto craze as they look to compete overseas\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-01 19:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1102282264","content_text":"KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in Singapore and the U.S. that will allow local customers to trade cryptocurrencies.\nThe move comes as digital currency prices fall and Beijing increases its efforts to limit speculation in the market.\n\nBEIJING — Two of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nThe companies,Futu and Tiger Brokers, disclosed during earnings calls last month they are applying for licenses in Singapore and the U.S. that would allow local customers to trade digital currencies.\nThe move comes as cryptocurrencies such as bitcoin have climbed back into the spotlight in recent months, while Chinese regulators have increased their efforts to limit speculation in the market. In the last few weeks, authorities issued new warnings against digital currency trading and a crackdown on bitcoin mining— an energy-heavy computing process that allows participants to earn bitcoin.\nBut in the financial trading world, demand for cryptocurrencies is high as bitcoin’s price surged to record levels above $60,000, before dropping sharply to around $35,000.\nRobinhood, which launched bitcoin and ethereum trading in the U.S. in early 2018, has added 3 million customers a month this year for its crypto business. In April, U.S.-based cryptocurrency trading site Coinbase debuted on the Nasdaq.\n“We do hear a lot of interest from our users across the world in terms of crypto. We have listened to that,” Arthur Chen, Futu’s chief financial officer, told CNBC last week. He said the company hopes to offer cryptocurrency-related products as soon as the end of this year.\nBoth Futu and Tiger Brokers got their start primarily from Chinese employees of major tech companies like Alibaba and Baidu. Since these companies are listed in the U.S., that piqued their employees’ interest in trading stocks abroad.\nHowever, both companies are increasingly focused on markets outside mainland China. In addition to essentially banning yuan-bitcoin transactions, Beijing tightly controls capital flows out of the mainland.\nFutu has gained 100,000 paying clients in Singapore less than three months since launching there in early March, Chen said. He said about one-fourth of new paying clients in the first quarter came from Singapore and the U.S.\nIn the international retail trading market, the two companies face competition not just from Robinhood but traditional players such as Interactive Brokers. Both Futu and Tiger seek to attract customers with an in-app social network where users can swap trading ideas and watch investor education courses.\nBy the end of March, Futu said it had 789,652 customers with assets in their trading accounts, more than three times that of a year ago.\nTiger said the number of customers with deposits more than doubled in the first quarter from a year ago to 376,000.\nCooling interest in IPOs\nCustomers are very interested in cryptocurrencies and Coinbase’s stock listing attracted new users, Tiger Brokers’ CEO Tianhua Wu told CNBC last week.\nBut he said users’ overall interest in initial public offerings has cooled off from last year. While exuberance over IPOs then might have generated $1 billion or more worth of orders around a listing, now the offerings are drawing far less in terms of orders, Wu said.\nLast week, both Futu and Tiger Brokers were added to MSCI stock indexes, which are tracked by trillions of global investment dollars.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4530707,"gmtCreate":1622549328325,"gmtModify":1680792410752,"authorId":3583315625253420,"author":{"id":3583315625253420,"idStr":"3583315625253420","authorId":3583315625253420,"name":"Louiselle","avatar":"https://static.tigerbbs.com/9e1be188c77b60800962d16767e3320d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":119212576,"type":1,"supId":0,"prevId":0,"content":"Haha","text":"Haha","html":"Haha"}],"langContent":"EN"},{"id":119211206,"gmtCreate":1622548685405,"gmtModify":1704186071515,"author":{"id":"3577318628836449","authorId":"3577318628836449","name":"Cfgramos","avatar":"https://static.tigerbbs.com/8e4f5dee285970cb0d50c61a4302a33f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3577318628836449","authorIdStr":"3577318628836449"},"htmlText":"How exciting if Tiger were to finally trade Cryptos!&nbsp;","listText":"How exciting if Tiger were to finally trade Cryptos!&nbsp;","text":"How exciting if Tiger were to finally trade Cryptos!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/119211206","repostId":1102282264,"repostType":4,"repost":{"id":"1102282264","pubTimestamp":1622547304,"share":"https://ttm.financial/m/news/1102282264?lang=&edition=fundamental","pubTime":"2021-06-01 19:35","market":"us","language":"en","title":"China’s Robinhood rivals pile into the crypto craze as they look to compete overseas","url":"https://stock-news.laohu8.com/highlight/detail?id=1102282264","media":"CNBC","summary":"KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as ","content":"<div>\n<p>KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s Robinhood rivals pile into the crypto craze as they look to compete overseas</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s Robinhood rivals pile into the crypto craze as they look to compete overseas\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-01 19:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1102282264","content_text":"KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in Singapore and the U.S. that will allow local customers to trade cryptocurrencies.\nThe move comes as digital currency prices fall and Beijing increases its efforts to limit speculation in the market.\n\nBEIJING — Two of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nThe companies,Futu and Tiger Brokers, disclosed during earnings calls last month they are applying for licenses in Singapore and the U.S. that would allow local customers to trade digital currencies.\nThe move comes as cryptocurrencies such as bitcoin have climbed back into the spotlight in recent months, while Chinese regulators have increased their efforts to limit speculation in the market. In the last few weeks, authorities issued new warnings against digital currency trading and a crackdown on bitcoin mining— an energy-heavy computing process that allows participants to earn bitcoin.\nBut in the financial trading world, demand for cryptocurrencies is high as bitcoin’s price surged to record levels above $60,000, before dropping sharply to around $35,000.\nRobinhood, which launched bitcoin and ethereum trading in the U.S. in early 2018, has added 3 million customers a month this year for its crypto business. In April, U.S.-based cryptocurrency trading site Coinbase debuted on the Nasdaq.\n“We do hear a lot of interest from our users across the world in terms of crypto. We have listened to that,” Arthur Chen, Futu’s chief financial officer, told CNBC last week. He said the company hopes to offer cryptocurrency-related products as soon as the end of this year.\nBoth Futu and Tiger Brokers got their start primarily from Chinese employees of major tech companies like Alibaba and Baidu. Since these companies are listed in the U.S., that piqued their employees’ interest in trading stocks abroad.\nHowever, both companies are increasingly focused on markets outside mainland China. In addition to essentially banning yuan-bitcoin transactions, Beijing tightly controls capital flows out of the mainland.\nFutu has gained 100,000 paying clients in Singapore less than three months since launching there in early March, Chen said. He said about one-fourth of new paying clients in the first quarter came from Singapore and the U.S.\nIn the international retail trading market, the two companies face competition not just from Robinhood but traditional players such as Interactive Brokers. Both Futu and Tiger seek to attract customers with an in-app social network where users can swap trading ideas and watch investor education courses.\nBy the end of March, Futu said it had 789,652 customers with assets in their trading accounts, more than three times that of a year ago.\nTiger said the number of customers with deposits more than doubled in the first quarter from a year ago to 376,000.\nCooling interest in IPOs\nCustomers are very interested in cryptocurrencies and Coinbase’s stock listing attracted new users, Tiger Brokers’ CEO Tianhua Wu told CNBC last week.\nBut he said users’ overall interest in initial public offerings has cooled off from last year. While exuberance over IPOs then might have generated $1 billion or more worth of orders around a listing, now the offerings are drawing far less in terms of orders, Wu said.\nLast week, both Futu and Tiger Brokers were added to MSCI stock indexes, which are tracked by trillions of global investment dollars.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4530627,"gmtCreate":1622548801782,"gmtModify":1680792407308,"authorId":3576118384681891,"author":{"id":3576118384681891,"idStr":"3576118384681891","authorId":3576118384681891,"name":"valueTrader","avatar":"https://static.tigerbbs.com/9b20c817213be1647e2dee23f5d62e0d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":119211206,"type":1,"supId":0,"prevId":0,"content":"it will be good","text":"it will be good","html":"it will be good"}],"langContent":"EN"},{"id":119292913,"gmtCreate":1622547399332,"gmtModify":1704186046625,"author":{"id":"3582013951378523","authorId":"3582013951378523","name":"sh99","avatar":"https://static.tigerbbs.com/95985dfcd15851145b63b9903fdb5bfc","vip":1,"hat":"https://static.tigerbbs.com/6444b4970948c1077534c593eccd6d16","crmLevel":4,"crmLevelSwitch":0,"idStr":"3582013951378523","authorIdStr":"3582013951378523"},"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/119292913","repostId":1102282264,"repostType":4,"repost":{"id":"1102282264","pubTimestamp":1622547304,"share":"https://ttm.financial/m/news/1102282264?lang=&edition=fundamental","pubTime":"2021-06-01 19:35","market":"us","language":"en","title":"China’s Robinhood rivals pile into the crypto craze as they look to compete overseas","url":"https://stock-news.laohu8.com/highlight/detail?id=1102282264","media":"CNBC","summary":"KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as ","content":"<div>\n<p>KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s Robinhood rivals pile into the crypto craze as they look to compete overseas</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s Robinhood rivals pile into the crypto craze as they look to compete overseas\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-01 19:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"https://www.cnbc.com/2021/06/01/chinas-robinhood-rivals-pile-into-the-crypto-craze.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1102282264","content_text":"KEY POINTS\n\nTwo of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nFutu and Tiger Brokers said this month they are applying for licenses in Singapore and the U.S. that will allow local customers to trade cryptocurrencies.\nThe move comes as digital currency prices fall and Beijing increases its efforts to limit speculation in the market.\n\nBEIJING — Two of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.\nThe companies,Futu and Tiger Brokers, disclosed during earnings calls last month they are applying for licenses in Singapore and the U.S. that would allow local customers to trade digital currencies.\nThe move comes as cryptocurrencies such as bitcoin have climbed back into the spotlight in recent months, while Chinese regulators have increased their efforts to limit speculation in the market. In the last few weeks, authorities issued new warnings against digital currency trading and a crackdown on bitcoin mining— an energy-heavy computing process that allows participants to earn bitcoin.\nBut in the financial trading world, demand for cryptocurrencies is high as bitcoin’s price surged to record levels above $60,000, before dropping sharply to around $35,000.\nRobinhood, which launched bitcoin and ethereum trading in the U.S. in early 2018, has added 3 million customers a month this year for its crypto business. In April, U.S.-based cryptocurrency trading site Coinbase debuted on the Nasdaq.\n“We do hear a lot of interest from our users across the world in terms of crypto. We have listened to that,” Arthur Chen, Futu’s chief financial officer, told CNBC last week. He said the company hopes to offer cryptocurrency-related products as soon as the end of this year.\nBoth Futu and Tiger Brokers got their start primarily from Chinese employees of major tech companies like Alibaba and Baidu. Since these companies are listed in the U.S., that piqued their employees’ interest in trading stocks abroad.\nHowever, both companies are increasingly focused on markets outside mainland China. In addition to essentially banning yuan-bitcoin transactions, Beijing tightly controls capital flows out of the mainland.\nFutu has gained 100,000 paying clients in Singapore less than three months since launching there in early March, Chen said. He said about one-fourth of new paying clients in the first quarter came from Singapore and the U.S.\nIn the international retail trading market, the two companies face competition not just from Robinhood but traditional players such as Interactive Brokers. Both Futu and Tiger seek to attract customers with an in-app social network where users can swap trading ideas and watch investor education courses.\nBy the end of March, Futu said it had 789,652 customers with assets in their trading accounts, more than three times that of a year ago.\nTiger said the number of customers with deposits more than doubled in the first quarter from a year ago to 376,000.\nCooling interest in IPOs\nCustomers are very interested in cryptocurrencies and Coinbase’s stock listing attracted new users, Tiger Brokers’ CEO Tianhua Wu told CNBC last week.\nBut he said users’ overall interest in initial public offerings has cooled off from last year. While exuberance over IPOs then might have generated $1 billion or more worth of orders around a listing, now the offerings are drawing far less in terms of orders, Wu said.\nLast week, both Futu and Tiger Brokers were added to MSCI stock indexes, which are tracked by trillions of global investment dollars.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":43,"commentSize":13,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}