Interactive Brokers expands crypto buying and selling to retail buyers in Hong Kong

Digital buying and selling main Interactive Brokers Group, Inc (NASDAQ:IBKR) has been accepted to permit retail shoppers to commerce cryptocurrencies in Hong Kong.

Cryptocurrency buying and selling for eligible shoppers of Interactive Brokers Hong Kong permits buyers to transact and handle their portfolio via a single platform that gives a unified view. Shoppers profit from the comfort of centralized money administration and might commerce cryptocurrencies, together with Bitcoin (BTC) and Ethereum (ETH), together with shares, choices, futures, currencies, bonds, mutual funds, ETFs, occasion contracts, cryptocurrency futures, and futures choices all from a single account and interface.

“As demand for cryptocurrency publicity as a method of diversification continues to rise, we’re happy to supply buyers in Hong Kong a simple and cost-effective option to allocate a portion of their portfolio to digital belongings,” mentioned David Friedland, Head of APAC for Interactive Brokers. “Our single unified platform lets shoppers worldwide simply make investments throughout a broad vary of worldwide merchandise, and the retail investor neighborhood in Hong Kong will profit from the flexibility to entry digital foreign money markets with out opening and sustaining totally different accounts at a number of brokers and exchanges.”

Cryptocurrency buying and selling via Interactive Brokers Hong Kong is powered by OSL Digital Securities and has low commissions of simply 0.20% – 0.30% of commerce worth, relying on month-to-month quantity, with a USD 2.25 minimal per order and no added spreads or markups.

Interactive Brokers launched cryptocurrency buying and selling in Hong Kong in collaboration with OSL Digital Securities, Hong Kong’s first SFC-licensed digital asset buying and selling platform. Interactive Brokers beforehand launched cryptocurrency buying and selling for eligible Skilled Investor shoppers of Interactive Brokers Hong Kong on February 14, 2023.