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Interactive Brokers enters the booming crypto scene in Hong Kong

Interactive Brokers enters the booming crypto scene in Hong Kong

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TL;DR

  • Interactive Brokers has launched cryptocurrency trading in Hong Kong due to the rise in demand from professional investors.
  • The commissions for trading cryptocurrencies are modest, ranging from 0.20% to 0.30% of the transaction value.
  • Customers of Interactive Brokers can trade Bitcoin and Ethereum in addition to other asset classes from a single platform, making it easier to manage portfolios.

An international electronic broker by the name of Interactive Brokers has just stated that they would begin offering cryptocurrency trading in Hong Kong.

Since there has been a rise in demand from Professional Investor customers, Interactive Brokers has made it possible for them to trade digital assets like Bitcoin and Ethereum in addition to the traditional financial markets.

Details on Interactive Brokers’ crypto trading services

Commissions for trading cryptocurrencies via Interactive Brokers Hong Kong are modest, ranging from 0.20% to 0.30% of the transaction value (depending on monthly volume), with a minimum order size of just $2.25 and no additional spreads or markups.

With their low fees, Interactive Brokers is a great choice for anybody in Hong Kong interested in trading cryptocurrencies.

In the past, investors were needed to utilize several trading platforms from a variety of different brokers and exchanges in order to trade cryptocurrencies and other asset classes.

The customers of Interactive Brokers, on the other hand, enjoy the benefits of centralized cash management and have the ability to trade Bitcoin and Ethereum in addition to stocks, options, futures, bonds, event contracts, mutual funds, and exchange-traded funds, all from a single screen.

This implies that customers may trade and see balances via a single platform that gives a consolidated picture. As a result, it is much simpler for customers to manage their portfolios.

Collaboration with OSL Digital Securities

Trading in cryptocurrencies was initially introduced in Hong Kong by Interactive Brokers in cooperation with OSL Digital Securities, the world’s first digital asset brokerage and trading platform for professional investors to be licensed by the Securities and Futures Commission (SFC).

Hugh Madden, CEO of OSL, expressed excitement about the company’s plans to bring their knowledge and experience in the digital asset field to the market via the implementation of these projects.

He went on to say that the introduction of regulated trading services for digital assets represents the beginning of a process that will significantly alter the digital asset market.

In addition, David Friedland, Head of APAC at Interactive Brokers, said that the company is glad to provide cryptocurrencies to fulfill the trading goals of customers in this significant market as investor demand for digital assets continues to expand in Hong Kong and throughout the globe.

Clients who are eligible to participate will reap the benefits of reduced fees as well as the chance to trade cryptocurrencies together with a wide variety of other global goods using a single unified platform.

The entry of Interactive Brokers into the Hong Kong cryptocurrency market couldn’t have come at a more opportune time, as interest in digital assets is rising among investors.

The competitive pricing structure, as well as the partnership with OSL Digital Securities, are anticipated to have a major influence on the market for digital assets in Hong Kong.

By providing its customers with the opportunity to trade Bitcoin and Ethereum in addition to other asset classes, Interactive Brokers is delivering a unified client experience that makes the process of maintaining portfolios simpler and more comfortable.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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Jai Hamid

Jai Hamid is a passionate writer with a keen interest in blockchain technology, the global economy, and literature. She dedicates most of her time to exploring the transformative potential of crypto and the dynamics of worldwide economic trends.

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