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OSL and Interactive Brokers Partner for Crypto Services in Hong Kong

Interactive Brokers will offer crypto services to professional clients in Hong Kong.

Actualizado 11 may 2023, 4:15 p. .m.. Publicado 9 jun 2022, 10:04 a. .m.. Traducido por IA
Hong Kong skyline (Ruslan Bardash/Unsplash)
Hong Kong skyline (Ruslan Bardash/Unsplash)

Interactive Brokers (IBKR) has formed a partnership with cryptocurrency exchange OSL Digital Securities that will allow it to provide virtual asset services to its professional trading clients in Hong Kong, according to a press release.

  • "Investors worldwide are rallying to digital asset markets, and the collaboration with OSL comes at a key moment in the development of the regulated digital asset ecosystem in Hong Kong," David Friedland, head of APAC (Asia-Pacific) at Interactive Brokers, said in the release.
  • "Hong Kong is one of the world's highest concentrations of institutional and professional investors," OSL CEO Wayne Trench added.
  • OSL is a subsidiary of BC Technology Group, shares of which are up by 4.39% over the past 24 hours to HK$4.04 on the Hong Kong stock market. Shares of Interactive Brokers were flat in premarket trading at $58.92.

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The platform will let retail traders use one margin account to trade round-the-clock perpetual markets.

What to know:

  • Cascade has introduced a 24/7 brokerage-style app for perpetual markets spanning crypto, U.S. equities and private-asset exposure.
  • The firm is pitching a single, unified margin account with direct-to-bank U.S. dollar capability for deposits and withdrawals.
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