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Seeking Alpha

2023-02-20 18:22:27

Hong Kong opens doors to retail investors for trading large crypto tokens

Hong Kong opens doors to retail investors for trading large crypto tokens

Currently, the city's framework for crypto exchanges is a voluntary one that restricts them to clients with portfolios of at least HK$8M. In late October 2022, Hong Kong had taken its steps towards legalizing retail-investor crypto trading. Hong Kong government has already allowed ETFs investing in CME Group ( CME ) Bitcoin and Ether futures and also sold inaugural digital green bonds starting February. In mid-February, Interactive Brokers ( IBKR ) launched cryptocurrency trading in Hong Kong in collaboration with OSL Digital Securities.

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