Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
Tiger and Futu jointly fined and forfeited 2.3 billion yuan; US stock put options show “front-running” trades
【Caixin】 After the China Securities Regulatory Commission announced a comprehensive crackdown on illegal cross-border stock trading platforms, Tiger Securities (NASDAQ: TIGR) and Futu Holdings (NASDAQ: FUTU) have successively disclosed the proposed penalty amounts. Both companies are “one fine and three confiscations,” with a combined penalty and confiscation totaling RMB 2.3 billion.
In a U.S. stock filing, Tiger Securities said it has received a prior notice of administrative penalties from the Beijing Securities Regulatory Bureau, with confiscation of illegal gains of approximately RMB 103.1 million, a fine of approximately RMB 308.1 million, and total penalty and confiscation of approximately RMB 411.2 million. Tiger Securities’ founder, CEO, and company’s actual controller, Wu Tianhua, received a warning and was fined RMB 1.25 million.
Futu Holdings said in an announcement that the company received a prior notice of administrative penalties from the Shenzhen Securities Regulatory Bureau, and is expected to face a combined penalty and confiscation of approximately RMB 1.85 billion. Futu’s founder and CEO, Li Hua, is also expected to be fined RMB 1.25 million personally.