Interactive Brokers opens Hong Kong retail crypto trading with OSL

Originally appeared on Cointelegraph

Interactive Brokers, one of the largest brokerage firms in the world, has opened crypto trading for retail clients in Hong Kong.

According to the Nov. 28  announcement , the service is offered in conjunction with OSL, one of the first crypto exchanges to receive a Virtual Asset Service Provider (VASP) in Hong Kong. “Interactive Brokers’ retail investors in Hong Kong now have immediate access to digital asset trading through a single unified platform powered by OSL,” the developers wrote.

Per its website, Hong Kong clients of Interactive Brokers can hold Bitcoin  BTC $38,082 or Ether  ETH $2,057  in their personal accounts alongside stocks, derivatives, commodities, forex and other assets. Each trade is charged a commission equal to 0.20% to 0.30% of the transaction value.

Last week, Cointelegraph reported that Interactive Brokers had received a license for retail virtual asset trading in Hong Kong. However, the license only  grants  the firm the ability to broker trades in Bitcoin and Ether at the moment. On Nov. 14, BC Technology Group, owned by the OSL exchange, announced it had received a  $90-million equity investment  from blockchain firm BGX.