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American brokerage firm Interactive Brokers has included cryptocurrencies as a tradable asset class for investors using its Hong Kong platform.
This allows eligible clients, including individuals with over HK$8 million in investable assets and Hong Kong residents with over HK$40 million in assets, to invest in Bitcoin, along with other asset classes available on the Interactive Brokers platform. and Ethereum can now be traded.
trading service BC Technology Group subsidiary OSL Digital stockInteractive Brokers Dedicated virtual asset dealer For Hong Kong in June 2022.
of Securities and Futures Commission (SFC) has licensed OSL Digital Securities as the industry’s first Type 1 and 7 digital asset brokerage and trading platform for professional investors.
Additionally, Interactive Brokers charges a commission of 0.2-0.3% on all trades, depending on monthly trading volume. Minimum orders start at $2.25 with no added spreads or markups.
The launch of these services comes at a pivotal moment in the evolution of Hong Kong’s regulated digital asset environment. Above all, the main driver for this collaboration to potentially have a significant impact on Hong Kong’s digital asset market is the growing investor interest in digital assets.
Investor demand for digital assets continues to grow in Hong Kong and around the world, and we are pleased to introduce cryptocurrencies to address our clients’ trading objectives in this important market. David FriedlandHead of Asia Pacific (APAC) for Interactive Brokers.
Eligible customers will benefit from our low costs and the ability to trade crypto alongside many other global products from a single integrated platform.
Previously, investors had to use multiple platforms from various brokers and exchanges to trade cryptocurrencies and other asset classes in Hong Kong. This integration of trading services has overcome this market barrier.
For this reason, the new cryptocurrency trading services included in our interactive brokerage platform will allow investors to trade and view their balances through a unified view of a single platform.
Supporting centralized cash management, the platform offers stocks, options, futures, bonds, event contracts, mutual funds and exchange traded funds (ETFs) as tradable assets in addition to new cryptocurrency capabilities .
We are pleased to bring our expertise in the digital asset space to the market through these initiatives. The launch of regulated digital asset trading services marks the beginning of a transformative process in the digital asset marketplace, said BC Group. and Hugh Madden, CEO of OSL, commented.
We are eager for the emergence of additional market partnerships that will drive growth and increase market share.
