Global electronic broker, Interactive Brokers, has announced cryptocurrency trading in Bitcoin (BTC) and Ethereum (ETH) is now available for Professional Investor clients in Hong Kong.
Eligible clients include individuals with over HKD 8 million in investable assets or institutions with assets greater than HKD 40 million who are residents of Hong Kong, with crypto and other asset classes available on the Interactive Brokers platform.
Backed by OSL Digital Securities, the availability of crypto trading on the platform comes as Hong Kong continues to support a regulated digital asset market in line with strong investor interest.
“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,” David Friedland, Head of APAC at Interactive Brokers, said.
“Eligible clients will benefit from our low costs and the ability to trade crypto alongside many other global products from a single unified platform.”
Interactive Broker’s platform also provides users with a streamlined and unified experience of trading in crypto and other asset classes, with investors previously having to use multiple trading platforms from different brokers and exchanges.
Investors can transact and view balances through the platform, with access to Bitcoin, Ethereum, stocks, options, futures, bonds, event contracts, mutual funds and exchange traded funds (ETFs).
“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,” Hugh Madden, CEO at BC Group and OSL, said.
“We eagerly anticipate the emergence of additional market alliances that will drive growth and increase market share.”