Source: Pixabay/ Andy Leung
Interactive Brokers, an automatic worldwide electronic broker, is broadening cryptocurrency trading to retail financiers in Hong Kong. The broker is now the very first SFC-licensed securities broker to be authorized to permit retail customers to trade cryptocurrencies in Hong Kong.
According to the statement made on November 28, Interactive Brokers will be opening crypto trading for retail customers in Hong Kong in cooperation with OSL, a cryptocurrency exchange. This advancement permits Interactive Brokers’ retail financiers in Hong Kong to have instant access to digital property trading through a single unified platform powered by OSL.
Hong Kong customers of Interactive Brokers can now hold Bitcoin (BTC) or Ethereum (ETH) in their accounts along with standard properties like stocks, derivatives, products, forex, and others. Each trade undergoes a commission varying from 0.20% to 0.30% of the deal worth.
The customers get the advantages of central money management as they can now trade cryptocurrencies like Bitcoin and Ethereum, in addition to stocks, choices, futures, currencies, bonds, shared funds, exchange-traded funds (ETFs), occasion agreements, cryptocurrency futures, and futures choices, all from a single account and user interface.
As the special digital possession trading platform for Interactive Brokers,
