In a strategic move to meet the growing demand for cryptocurrency exposure among retail investors, Interactive Brokers has expanded its cryptocurrency trading services to retail clients in Hong Kong.
This innovative development provides investors with a seamless and cost-effective way to diversify their portfolios, offering a single platform for trading a spectrum of asset classes, including cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).
David Friedland, Head of APAC for Interactive Brokers, highlighted the significance of this expansion, stating, “As demand for cryptocurrency exposure as a means of diversification continues to rise, we are pleased to offer investors in Hong Kong a straightforward and cost-effective way to allocate a portion of their portfolio to digital assets.”
Hong Kong regulator grants retail virtual asset trading license for Interactive Brokers. Hungarians know inflation and the importance of hard money. Thanks to @ThomasPeterffy4 for being a silent Bitcoin advocate. You can count on Hungarians when it comes to important matters. https://t.co/eSJcy0TLRQ
— Gabor Gurbacs (@gaborgurbacs) November 26, 2023
Powered by OSL Digital Securities, Hong Kong’s first SFC-licensed digital asset trading platform, Interactive Brokers ensures a user-friendly experience with low commissions ranging from 0.20% to 0.30% of trade value, depending on monthly volume. This move follows the successful introduction of cryptocurrency trading for Professional Investor clients earlier this year, solidifying Interactive Brokers’ commitment to providing inclusive and accessible investment opportunities in the dynamic digital asset market.
Investors can now manage their portfolios comprehensively, trading stocks, options, futures, currencies, bonds, mutual funds, ETFs, event contracts, cryptocurrency futures, and futures options, all from a single account and interface. This integration of traditional and digital assets marks a significant leap forward for Interactive Brokers and the retail investor community in Hong Kong.
