Interactive Brokers, one of the largest brokerage firms in the world, has announced that it is now offering crypto trading for retail clients in Hong Kong. The service is being provided in partnership with OSL, one of the first crypto exchanges to receive a Virtual Asset Service Provider (VASP) license in Hong Kong. Hong Kong clients of Interactive Brokers can now hold Bitcoin and Ether in their personal accounts alongside other assets such as stocks, derivatives, commodities, and forex. Each trade will be subject to a commission fee ranging from 0.20% to 0.30% of the transaction value. This move comes after Interactive Brokers recently obtained a license for retail virtual asset trading in Hong Kong, although currently it only covers Bitcoin and Ether. The crypto industry in Hong Kong has faced challenges due to exchange scandals, with recent incidents involving JPEX and Hounax resulting in significant losses for investors.
