U.S. Brokers Penetrates the Hongkong Crypto Market

• Interactive Brokers announced the debut of crypto trading services in Hong Kong
• OSL Digital Securities authorized digital assets brokerage platform for institutional investors
• Interactive Broker platform enables investors to trade cryptocurrencies on a single platform

Interactive Brokers, a worldwide brokerage firm with U.S. headquarters, announced the debut of crypto trading services in Hong Kong for institutional clients.

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The crypto trading services were introduced in partnership with OSL Digital Securities, a Securities and Futures Commission-authorized digital asset brokerage and trading platform for institutional investors.

People who live in Hong Kong and have more than 8 million Hong Kong dollars ($1 million) in investable assets or institutions with more than 40 million Hong Kong dollars ($6 million) can now trade cryptocurrency on the Interactive Brokers platform along with other asset classes.

The trading of cryptocurrencies and other asset classes traditionally required the use of a number of trading platforms from various brokers and exchanges. Using the Interactive Broker platform, investors may trade cryptocurrencies and monitor their balances on a single platform that provides a consolidated picture.

In addition to Bitcoin and Ether, Interactive Brokers’ clients employ centralized cash management to trade stocks, options, futures, bonds, event contracts, mutual funds, and exchange-traded funds from a single screen.

In other news, Busan aspires to become a global Bitcoin and cryptocurrency center. South Korea’s second-largest city, Busan, home to over 3.45 million people, has stated its intention to become the global center for Bitcoin (BTC) and other cryptocurrencies.

South Korea, which has a population of approximately 51,7 million, has emerged as a key player in digital assets, with multiple cryptocurrency exchanges and a high rate of digital technology and virtual currency adoption among its populace.

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