Interactive Brokers, one of the largest brokerages, has entered into a partnership agreement with a licensed exchange #OSL to enable retail investors in Hong Kong to trade cryptocurrencies.
According to OSL's announcement, retail investors of Interactive Brokers in Hong Kong will be able to trade digital assets through a single, unified platform operated by the exchange.
Interactive Brokers Hong Kong clients now have the option to hold bitcoins in their accounts alongside stocks, derivatives, commodities, currencies and other assets. Each transaction is charged a fee of 0.20 to 0.30%, depending on the transaction amount.
"The partnership with Interactive Brokers proves our commitment to lead the regulated market of digital assets. Offering cryptocurrency trading to retail investors is consistent with our strategy to promote this asset class to a wider audience," said OSL and BC Group CEO Hugh Madden.
Recently, Interactive Brokers received a Hong Kong virtual asset retail license. This license allows the company to transact only with bitcoins and ethers. In mid-November, OSL-listed BC Technology Group announced it had received $90 million in funding from blockchain firm BGX.
