UP Fintech Holding Limited (NASDAQ: TIGR), an online brokerage firm focusing on global investors, announced on Wednesday it opened its one millionth customer account. The company reported that since launching its flagship APP, Tiger Trade, six years ago, it has invested heavily in innovation and now enables clients to trade securities across multiple global markets that span the U.S., China, Southeast Asia, and Europe.
Founded in 2014, UP Fintech revealed it began by offering online brokerage services and margin financing for U.S. equities in August 2015.
“By catering its platform to meet the unique needs of global Chinese investors, UP Fintech achieved significant growth, both in client base and total securities trading volume. The company continues to update its platform and now offers one of the most comprehensive ranges of securities among global online brokers; clients may currently trade equities in the U.S., Hong Kong S.A.R, Singapore, Australia, and the U.K., as well as futures, warrants, options, and mutual funds, among others.”
Speaking about the latest milestone, Wu Tianhua, CEO and Director of UP Fintech, stated:
“Reaching one million client accounts represents an extremely exciting milestone for us and we want to thank our clients for trusting us. We delivered these results by growing from an online broker focused on securities brokerage services to a full-service brokerage firm with investment banking business, ESOP management services and other corporate services. By leveraging our strong technological capabilities and swift product launching ability, we will continue to provide clients efficient, first-rate and differentiated services by constantly expanding our product and enriching its features. In addition, we will continue to invest in growing our client base in new markets like Singapore.”
UP Fintech then added that in addition to the latest milestone, it has also expanded into new business lines, namely investment banking and ESOP management, as it seeks to diversify its business and provide more services to corporate clients.