Interactive Brokers Launches Crypto Trading for Retail Clients in Hong Kong

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Interactive Brokers, one of the world’s largest brokerage firms, has introduced cryptocurrency trading for retail clients in Hong Kong. The service is offered in partnership with OSL, a crypto exchange that has obtained a Virtual Asset Service Provider (VASP) license in Hong Kong. This collaboration allows Interactive Brokers’ retail investors in Hong Kong to access digital asset trading through a unified platform powered by OSL. Hong Kong clients can now hold Bitcoin and Ether in their personal accounts alongside traditional assets such as stocks, derivatives, commodities, and forex. Each trade incurs a commission ranging from 0.20% to 0.30% of the transaction value. It is worth noting that Interactive Brokers’ license currently only permits the brokerage firm to facilitate trades of Bitcoin and Ethereum. This development comes after BC Technology Group, the owner of OSL exchange, received a $90 million equity investment from blockchain firm BGX. Despite being an early adopter of cryptocurrency exchange licenses, Hong Kong has faced setbacks due to recent exchange scandals, including the collapse of JPEX and the Hounax scam.

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