In Hong Kong, Interactive Brokers, a popular broker agent business, has presented cryptocurrency trading features for its retail consumers. The company has worked together with OSL, a prominent crypto exchange that holds an Online Asset Provider (VASP) permit in the location. With the help of a solitary system, Interactive Brokers’ customers can now quickly take part in trading digital assets.
Clients based in Hong Kong who utilize Interactive Brokers can increase their financial investment portfolios by integrating Bitcoin (BTC) and Ether (ETH) together with more typical assets such as stocks, by-products, products, and forex. A commission ranging from 0.20% to 0.30% of the purchase value will certainly be charged for every trade.
Interactive Brokers has actually recently acquired a permit to participate in retail virtual property trading in Hong Kong, with plans to originally supply trading in Bitcoin and Ether. Separately, BC Innovation Group, the parent company of OSL exchange, has actually secured a substantial $90 million equity investment from BGX, a blockchain firm.
Although Hong Kong was amongst the very first jurisdictions to approve licenses to cryptocurrency exchanges, the progression has been impeded by current exchange rumors. For instance, the collapse of JPEX led to 66 arrests and a projected loss of 1.6 billion Hong Kong bucks ($205 million). Likewise, on November 25, Hounax, an unapproved crypto exchange, presumably defrauded 145 residents of 148 million HKD ($18.9 million) through a Ponzi plan.
