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Finance

OSL and Interactive Brokers Partner for Crypto Services in Hong Kong

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

By Oliver Knight
AccessTimeIconJun 9, 2022 at 10:04 a.m. UTC
Updated May 11, 2023 at 4:15 p.m. UTC
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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    • Disclosure

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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Oliver Knight
    Oliver Knight

    Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.

    Follow @OKnightCrypto on Twitter
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