An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Interactive Brokers Launches Cryptocurrency Trading in Hong Kong
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Interactive Brokers (Nasdaq: IBKR) has launched cryptocurrency trading services in Hong Kong, specifically for Professional Investor clients. Eligible individuals must have over HKD 8 million in investable assets or institutions with over HKD 40 million. The trading platform supports Bitcoin and Ethereum with low commissions of 0.20% - 0.30% of trade value and a USD 2.25 minimum order. This launch coincides with increasing investor interest in digital assets, enhancing the unified trading experience on its platform. The initiative is powered by OSL Digital Securities, enhancing market competitiveness.
Positive
Launch of cryptocurrency trading in Hong Kong for professional investors.
Low trading commissions of 0.20% - 0.30% per transaction.
Ability to trade Bitcoin and Ethereum alongside other asset classes on a single platform.
Presents a unified trading experience, facilitating centralized cash management.
Increased market competitiveness through collaboration with OSL Digital Securities.
Negative
None.
Cryptocurrency commissions are a low 0.20% - 0.30% of trade value
GREENWICH, Conn.--(BUSINESS WIRE)--
Interactive Brokers (Nasdaq: IBKR), an automated global electronic broker, today announced its launch of cryptocurrency trading in Hong Kong, enabling Professional Investor clients of Interactive Brokers Hong Kong to trade Bitcoin (BTC) and Ethereum (ETH). Eligible clients including individuals with over HKD 8 million in investable assets or institutions with assets greater than HKD 40 million who are residents of Hong Kong, can now trade cryptocurrency alongside other asset classes available on the Interactive Brokers platform creating a unified client experience.
Cryptocurrency trading through Interactive Brokers Hong Kong is powered by OSL Digital Securities and has low commissions of just 0.20% - 0.30% of trade value, depending on monthly volume, with a USD 2.25 minimum per order, with no added spreads or markups. The launch of these services comes at a pivotal moment in the evolution of the regulated digital asset landscape in Hong Kong. Investors are showing a growing interest in digital assets and this collaboration is poised to make a significant impact on the Hong Kong digital asset market.
“Investor demand for digital assets continues to grow in Hong Kong and around the world, and we are pleased to introduce cryptocurrency to address the trading objectives of clients in this important market,” said David Friedland, Head of APAC at Interactive Brokers. “Eligible clients will benefit from our low costs and the ability to trade crypto alongside many other global products from a single unified platform.”
Trading cryptocurrency and other asset classes previously required investors to use multiple trading platforms from different brokers and exchanges. Cryptocurrency trading on the Interactive Broker’s platform, however, allows investors to transact and view balances through a single platform that provides a unified view. Interactive Brokers’ clients benefit from the convenience of centralized cash management and can trade Bitcoin and Ethereum plus stocks, options, futures, bonds, event contracts, mutual funds, and ETFs from a single screen.
"We are excited to bring our expertise in the digital asset space to the market through these initiatives. The launch of regulated digital asset trading services marks the inception of a transformative process in the digital asset market," said Hugh Madden, CEO at BC Group and OSL. "We eagerly anticipate the emergence of additional market alliances that will drive growth and increase market share."
Interactive Brokers launched cryptocurrency trading in Hong Kong in collaboration with OSL Digital Securities, the world's first Type 1 and 7 Securities and Futures Commission (SFC)-licensed digital asset brokerage and trading platform for professional investors.
Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities and foreign exchange around the clock on over 150 markets in numerous countries and currencies, from a single unified platform to clients worldwide. We service individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation has enabled us to equip our clients with a uniquely sophisticated platform to manage their investment portfolios. We strive to provide our clients with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to achieve superior returns on investments. For the fifth consecutive year, Barron’s ranked Interactive Brokers #1 with 5 out of 5 stars in its March 25, 2022, Best Online Brokers Review.
