Chinese Robinhood Rivals Pivot to Crypto
Two Chinese stock trading apps, competitors to the popular Robinhood platform, are pivoting to crypto in an effort to join the international market.
Futu and Tiger Brokers both disclosed news that they are seeking licenses overseas to allow local investors to trade cryptocurrencies. The companies mentioned an expansion to Singapore and the U.S. According to its website, Tiger Brokers, already has operations in Hong Kong and Australia.
Arthur Chen, Futus chief financial officer, told CNBC that the…
