Hong Kong has seen growing interest from global crypto and fintech players over the years, with Interactive Brokers joining the list.

Interactive Brokers, a global brokerage firm headquartered in the United States, announced the launch of its crypto trading services for institutional clients in Hong Kong on February 14. The crypto trading services were launched in partnership with OSL Digital Securities, Securities and Futures digital assets. trading platform and commission-licensed brokerage for professional investors.

Individuals with more than HK$8 million ($1 million) in investable assets or institutions with HK$40 million ($6 million) who are Hong Kong residents can now trade cryptocurrencies and other asset classes available on the Interactive Brokers platform .

Previously investors had to use various trading platforms from various brokers and exchanges to trade cryptocurrencies and other asset classes. However, investors can trade cryptocurrencies and view balances through a single platform that provides a unified view using the Interactive Broker platform.

Interactive Brokers clients use centralized money management to trade stocks, options, futures, bonds, futures contracts, mutual funds and exchange-traded funds from one screen, in addition to Bitcoin.
BTC

tickers down
$23,694

and the Ether
ETH

tickers down
$1,652

Related: Hong Kong’s securities regulator adds crypto staff to oversee industry

The launch of crypto trading services comes at a critical time in the development of Hong Kong’s regulated digital asset market. Paul Chan, Hong Kong’s finance secretary, said in January that the Hong Kong government is open to working with cryptocurrency and fintech businesses by 2023. The official added that many business organizations want to expand their operations in Hong Kong or list locally. list. exchange.

In December 2022, Hong Kong lawmakers approved a law to create a licensing system for companies that provide services related to physical assets. The new regulatory framework is intended to give cryptocurrency exchanges the same level of market acceptance as it currently exists in traditional financial institutions.

Source: CoinTelegraph

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