Interactive Brokers opens crypto trading for retail clients in Hong Kong (NASDAQ:IBKR)
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Interactive Brokers Group (NASDAQ:IBKR) has been approved to open its crypto trading service for retail clients in Hong Kong, the company said Monday night.
Hong Kong-based clients now can trade cryptos, including bitcoin (BTC-USD) and ethereum (ETH-USD), along with stocks, options, futures, currencies, bonds, mutual funds, ETFs, event contracts, crypto futures, and futures options all from a single account and interface.
The move comes as “demand for cryptocurrency exposure as a means of diversification continues to rise,” said David Friedland, head of APAC for Interactive Brokers.
Crypto trading through the Interactive Brokers Hong Kong is powered by OSL Digital Securities and has commissions of 0.20%-0.30% of trade value, depending on monthly volume. In February, IBKR introduced crypto trading for eligible professional investor clients of Interactive Brokers Hong Kong.
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