Electronic trading major Interactive Brokers Group, Inc (NASDAQ:IBKR) has been approved to allow retail clients to trade cryptocurrencies in Hong Kong.
Interactive Brokers Hong Kong’s cryptocurrency trading for eligible clients allows investors to trade and manage their portfolio through a single platform that provides a unified view. Customers benefit from the convenience of centralized cash management and can trade cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), along with stocks, options, futures, currencies, bonds, mutual funds, ETFs, event contracts , cryptocurrency futures and options all from a single account and interface.
“As the demand for exposure to cryptocurrencies as a means of diversification continues to grow, we are pleased to offer investors in Hong Kong a simple and cost-effective way to allocate a portion of their portfolio to digital assets,” said David Friedland, Head of APAC. for Interactive Brokers. “Our single integrated platform allows customers around the world to easily invest in a wide range of global products and the retail investor community in Hong Kong will benefit from being able to access digital currency markets without opening and maintaining different accounts at multiple brokers and exchanges”.
Cryptocurrency trading through Interactive Brokers Hong Kong is powered by OSL Digital Securities and has low commissions of just 0.20% – 0.30% of trade value, depending on monthly volume, with a minimum of USD 2.25 per order and no additional spreads or markups.
Interactive Brokers has launched cryptocurrency trading in Hong Kong in partnership with OSL Digital Securities, Hong Kong’s first SFC-licensed digital asset trading platform. Interactive Brokers previously introduced cryptocurrency trading for eligible Interactive Brokers Hong Kong Professional Investor clients on February 14, 2023.