Originally appeared on Cryptonews
Interactive Brokers, an automated global electronic broker, is expanding cryptocurrency trading to retail investors in Hong Kong. The broker is now the first SFC-licensed securities broker to be approved to allow retail clients to trade cryptocurrencies in Hong Kong.
According to the announcement made on November 28, Interactive Brokers will be opening crypto trading for retail clients in Hong Kong in collaboration with OSL, a cryptocurrency exchange. This development allows Interactive Brokers’ retail investors in Hong Kong to have immediate access to digital asset trading through a single unified platform powered by OSL.
Hong Kong clients of Interactive Brokers can now hold Bitcoin (BTC) or Ethereum (ETH) in their accounts alongside traditional assets like stocks, derivatives, commodities, forex, and others. Each trade is subject to a commission ranging from 0.20% to 0.30% of the transaction value.
The clients receive the benefits of centralized cash management as they can now trade cryptocurrencies like Bitcoin and Ethereum, along with stocks, options, futures, currencies, bonds, mutual funds, exchange-traded funds (ETFs), event contracts, cryptocurrency futures, and futures options, all from a single account and interface.
As the exclusive digital asset trading platform for Interactive Brokers, OSL aims to broaden investor access to digital finance, emphasizing its commitment to setting global standards for performance, security, and compliance.