U.S. Brokers Penetrates the Hongkong Crypto Market

U.S. Brokers Penetrates the Hongkong Crypto Market

Time Stamp: February 14, 2023 9:07 AM
Source Node: 1958593
  • Interactive Brokers announced the debut of crypto trading services in Hong Kong
  • OSL Digital Securities authorized digital assets brokerage platform for institutional investors
  • Interactive Broker platform enables investors to trade cryptocurrencies on a single platform

Interactive Brokers, a worldwide brokerage firm with U.S. headquarters, announced the debut of crypto trading services in Hong Kong for institutional clients.

The crypto trading services were introduced in partnership with OSL Digital Securities, a Securities and Futures Commission-authorized digital asset brokerage and trading platform for institutional investors.

People who live in Hong Kong and have more than 8 million Hong Kong dollars ($1 million) in investable assets or institutions with more than 40 million Hong Kong dollars ($6 million) can now trade cryptocurrency on the Interactive Brokers platform along with other asset classes.

The trading of cryptocurrencies and other asset classes traditionally required the use of a number of trading platforms from various brokers and exchanges. Using the Interactive Broker platform, investors may trade cryptocurrencies and monitor their balances on a single platform that provides a consolidated picture.

In addition to Bitcoin and Ether, Interactive Brokers’ clients employ centralized cash management to trade stocks, options, futures, bonds, event contracts, mutual funds, and exchange-traded funds from a single screen.

In other news, Busan aspires to become a global Bitcoin and cryptocurrency center. South Korea’s second-largest city, Busan, home to over 3.45 million people, has stated its intention to become the global center for Bitcoin (BTC) and other cryptocurrencies.

South Korea, which has a population of approximately 51,7 million, has emerged as a key player in digital assets, with multiple cryptocurrency exchanges and a high rate of digital technology and virtual currency adoption among its populace.

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José is a crypto enthusiast who trades crypto night and day. He loves to share his trading stories and experiences in all his published articles. José likes to hang out and travel to meet new friends. Enjoys sushi, vodka, and tequila.

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