Collaboration between Interactive Brokers and OSL Facilitates Retail Crypto Trading Launch in Hong Kong

Interactive Brokers Launches Crypto Trading for Retail Customers in Hong Kong

Interactive Brokers, one of the largest brokerage firms globally, has partnered with OSL to offer crypto trading services to retail clients in Hong Kong. OSL, which holds a Virtual Asset Service Provider (VASP) registration, powers this newly launched service.

OSL Announces Interactive Brokers’ Retail Trading Powered by OSL

According to OSL’s announcement, Interactive Brokers now provides digital asset trading to its retail investors in Hong Kong through a unified platform powered by OSL.

Interactive Brokers Launches Cryptocurrency Trading in Hong Kong

In a press announcement, Interactive Brokers revealed that it has launched cryptocurrency trading in Hong Kong. This service allows Professional Investor clients with over HKD 8 million in investable assets or institutions with assets greater than HKD 40 million to trade Bitcoin (BTC) and Ethereum (ETH) alongside other asset classes on the Interactive Brokers platform.

Trading Cryptocurrencies with Interactive Brokers

Hong Kong clients of Interactive Brokers can now hold Bitcoin (BTC) and Ethereum (ETH) in their personal accounts. They can also trade other assets such as stocks, commodities, and derivatives. Trade commissions range from 0.20% to 0.30% of the transaction value with a minimum order of USD 2.25 and no added spreads or markups.

A Significant Moment for Hong Kong’s Regulated Digital Asset Landscape

The partnership between Interactive Brokers and OSL represents an important step in establishing Hong Kong as a regulated digital asset hub. This move aligns with the city’s efforts to create a safe environment for the crypto industry.

Closing Thoughts: Crypto Trading Expands in Hong Kong

The launch of crypto trading services by Interactive Brokers in collaboration with OSL showcases the growing demand for digital assets in Hong Kong. This move allows eligible clients to enjoy the benefits of low costs and the ability to trade cryptocurrencies alongside other global products on a single unified platform.