Interactive Brokers Gets Regulatory Approval for New Cryptocurrency Retail Trading Expansion

Interactive Brokers has become the first SFC-licensed securities broker to receive approval to allow retail clients to trade cryptocurrencies in Hong Kong according to a story in The Trade news. Eligible clients of Interactive Brokers Hong Kong trading cryptocurrencies will now be able to transact and manage their portfolio through a single platform with a unified view. The development will also allow clients to benefit from centralized cash management with the ability to trade cryptocurrencies such as Bitcoin and Ethereum alongside stocks, options, futures, currencies, bonds, mutual funds, ETFs, event contracts, cryptocurrency futures and futures options – all from a single account and interface. Interactive Brokers launched cryptocurrency trading in Hong Kong with the first SFC-licensed digital asset trading platform in Hong Kong, OSL Digital Securities. Cryptocurrency trading for eligible professional investor clients of Interactive Brokers Hong Kong was introduced on February 14th.