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Online Brokerages Futu & UP Fintech Tiger Brokers Removed Trading Apps in Mainland China after Regulators Crackdown for Operating without License, Futu Holdings Market Value at $5.7 Billion and UP Fintech at $408 million
17th May 2023 | Hong Kong
Online brokerages Futu Holdings and UP Fintech Holding (Tiger Brokers) have removed their trading apps in Mainland China after regulators crackdown for operating without required licenses (Chinese Securities Regulatory Commission). Existing China clients can still trade using the apps, and will receive instructions on how to update the app. Futu Holdings and UP Fintech Holding (Tiger Brokers) have provided cross-borders securities services without required licenses. Futu Holdings has a market capitalization of $5.7 billion (16/5/23) and UP Fintech Holding (Tiger Brokers) as a market capitalization of $408 million (16/5/23).
” Online Brokerages Futu & UP Fintech Tiger Brokers Removed Trading Apps in Mainland China after Regulators Crackdown for Operating without License, Futu Holdings Market Value at $5.7 Billion and UP Fintech at $408 million “
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