Crypto Trading Is Now Available in Hong Kong on Interactive Brokers

Interactive Brokers, one of the top brokerages in the United States, has announced the start of low-fee cryptocurrency trading in Hong Kong for professional investors. This is the newest addition to the firm's digital asset portfolio. Eligible customers, including individuals with more than HKD 8 million in assets or institutions with more than HKD 40 million in assets, will be able to trade and custody Bitcoin (BTC) and Ethereum (ETH) alongside stocks, options, futures, bonds, mutual funds, and exchange-traded funds. This will result in a uniform client experience.

“Investor demand for digital assets continues to increase in Hong Kong and throughout the globe, and we are thrilled to bring cryptocurrencies to satisfy the trading goals of customers in this vital market,” said David Friedland, Head of APAC at Interactive Brokers. “Eligible customers will benefit from our cheap fees and the flexibility to trade cryptocurrency alongside many other global goods from a single unified platform.”

“We are thrilled to bring our experience in the digital asset field to market via these efforts,” said Hugh Madden, CEO of BC Group and OSL. “The introduction of regulated digital asset trading services signifies the beginning of a transformational process in the digital asset market. We anxiously await the formation of new market partnerships that will propel development and gain market share.”

Trading hours expanded for traders

To provide its customers with more access to cryptocurrency trading, Interactive Brokers has expanded trading hours for its cryptocurrency products to be traded 24/7, including on weekends. Previously, cryptocurrency traders at Interactive Brokers had their contracts expire each week on Friday and were rolled over to the following week to avoid any gaps that may be incurred by customers to reflect price changes when IBKR trading was halted outside of trading hours.

The broker provides low-cost cryptocurrency trading to its customers via a collaboration with Paxos, a New York-based exchange and stablecoin issuer that is now under SEC investigation. The adjustments implemented by Interactive Brokers assist to address some of the fundamental difficulties that have made it difficult for traders to have 24-hour access to bitcoin trading. The expanded trading hours alleviate the hassle of carrying positions from one week to the next without weekend quotations.

Interactive Broker a One-Stop-Shop for investors

The decision by Interactive Brokers is in reaction to the increased demand for cryptocurrencies among institutional investors. With the inclusion of cryptocurrency trading, the business now provides a wide variety of financial products to its customers, making it a one-stop shop for investors. The move is expected to draw additional customers to the brokerage and aid in its expansion into the bitcoin industry.

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