One of the largest brokerage firms in the world, Interactive Brokers, launched crypto trading for retail customers in Hong Kong. OSL powers the service.
According to an announcement by OSL, Interactive Brokers now allows crypto trading for retail clients in Hong Kong. Interactive Brokers offers this newly launched service in partnership with OSL. OSL is one of the first crypto exchanges to receive Virtual Asset Service Provider (VASP) registration in Hong Kong.
According to Interactive Brokers, its Hong Kong clients may hold Bitcoin (BTC) and Ether (ETH) in their personal accounts and other assets, including stocks, commodities, and derivatives. Trade commission equals 0.20% to 0.30% of the value of a transaction.
David Friedland, MD, Asia Pacific at Interactive Brokers, announced last week that Interactive is now licensed in Hong Kong to allow the trading of virtual currencies – currently limited to BTC and ETH.
Significant Moment For The Regulated Digital Asset Landscape
Hong Kong has recently drawn a lot of renewed interest from crypto companies as the city works to create a safe and regulated environment for the crypto industry. The move by Interactive Brokers and OSL marks a significant step in Hong Kong’s growth to become a digital asset hub.