9 months ago
Hong Kong clients volition beryllium capable to acquisition Bitcoin and Ethereum successful their idiosyncratic accounts.
Interactive Brokers, 1 of the largest brokerage firms successful the world, has opened crypto trading for retail clients successful Hong Kong.
According to the Nov28 announcement, the work is offered successful conjunction with OSL, 1 of the archetypal crypto exchanges to person a Virtual Asset Service Provider (VASP) successful Hong Kong. "Interactive Brokers' retail investors successful Hong Kong present person contiguous entree to integer plus trading done a azygous unified level powered by OSL," developers wrote.
Per its website, Hong Kong clients of Interactive Brokers tin clasp Bitcoin (BTC) oregon Ether (ETH) successful their idiosyncratic accounts alongside stocks, derivatives, commodities, forex, and different assets. Each commercialized is charged a committee adjacent to 0.20% to 0.30% of the transaction value.
Last week, Cointelegraph reported that Interactive Brokers had received a licence for retail virtual plus trading successful Hong Kong. However, the licence lone grants the steadfast to broker trades of Bitcoin and Ethereum astatine the moment.
On Novembe 14, BC Technology Group, owned of the OSL exchange, announced it had received a $90 cardinal equity investment from blockchain steadfast BGX. The steadfast had antecedently considered selling the OSL speech for $1 cardinal Hong Kong dollars, oregon $128 million.
Although Hong Kong was 1 of the archetypal jurisdictions to contented licenses for cryptocurrency exchanges, momentum has been somewhat stifled by a bid of speech scandals. In September, JPEX, 1 of the region's largest crypto exchanges, collapsed, starring to 66 arrests and an estimated 1.6 cardinal Hong Kong dollars ($205 million) successful losses. On Nov 25, Hounax, different unlicensed crypto speech successful Hong Kong, reportedly scammed 145 residents retired of 148 cardinal HKD ($18.9 million) done an alleged Ponzi scheme.
Related: Hong Kong authorities accidental 145 victims, $18.9M mislaid successful Hounax scam
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