In a recent publication the prominent brokerage firm in America Interactive Brokers joined forces with OSL Digital Securities to debut a new crypto trading platform in Hong Kong. The newly launched trading platform seeks to offer Hong Kong retail clients a wide range of crypto products.
In a November 28 press release the Interactive Brokers stated that the collaboration with OSL aims at improving the accessibility of digital assets in Hong Kong. The two companies plan to leverage the OSL proprietary tools to support the Interactive brokers’ new trading platform.
Interactive Brokers Expands to Hong Kong
The report illustrated that the expansion of Interactive Brokers to the Hong Kong market marks a significant milestone for the crypto industry. For years, the OSL has been committed to promoting financial inclusivity by improving the accessibility of financial products.
A statement from the chief executive of OSL, Hugh Madden reveals that the expansion of Interactive Brokers to the crypto-friendly country was pivotal for the company to tap endless opportunities in the Asian country.
The CEO admitted that in line with the ever-evolving nature of the crypto regulation, the OSL team has implemented new standards that support the company’s performance and uphold compliance with the law.
Most importantly, the executive confirmed that the OSL team has invested heavily in developing industry-leading services and products for retail clients. Madden confessed that the OSL team has embraced several strategies to create value for digital assets and meet customer demands.
Interactive Brokers Partners with OSL
The executive stated that the partnership with Interactive Brokers aligns with OSL’s core mission of “delivering best-in-class services.” He added that the collaboration with forward-thinking companies positions OSL as a trailblazer in the crypto industry.
Additionally, Madden admitted the partnership demonstrates OSL’s commitment to leading other companies in the digital assets journey.
The report revealed that the OSL has attained remarkable achievement in bridging the gaps between traditional finance and the digital sector. The company has also supported hundreds to migrate to the crypto industry smoothly.
The partnership came a week after the Hong Kong regulators’ green-lighted retail virtual asset trading license for the Interactive Brokers. Even though the approval of the license the Interactive team only offers brokerage service on the buying and selling of crypto assets. Also the company seeks to operate as a regulated entity in Hong Kong.
The Interactive Brokers license was approved when the Hong Kong regulators sought to tighten the rules for digital assets following the rise of crypto crimes in the region.
In September, the attackers launched a malicious attack on the best-performing crypto exchange, JPEX, heisting assets worth $205 million. After probing the JPEX case, the regulators noted that the crypto exchange was unlicensed.