tl;dr
Interactive Brokers Group (NASDAQ:IBKR) has obtained approval to launch its crypto trading service for retail clients in Hong Kong, offering a range of investment options including cryptos like bitcoin and ethereum, as well as stocks, options, futures, currencies, bonds, mutual funds, ETFs, event co...
Interactive Brokers Group (NASDAQ:IBKR) has obtained approval to launch its crypto trading service for retail clients in Hong Kong, offering a range of investment options including cryptos like bitcoin and ethereum, as well as stocks, options, futures, currencies, bonds, mutual funds, ETFs, event contracts, crypto futures, and futures options, all accessible from a single account and interface.
This strategic expansion comes amid the increasing demand for cryptocurrency exposure as a means of diversification, according to David Friedland, the head of APAC for Interactive Brokers. The crypto trading service, powered by OSL Digital Securities, entails commissions of 0.20%-0.30% of trade value, depending on monthly volume, and was initially introduced for eligible professional investor clients of Interactive Brokers Hong Kong in February.
More about Interactive Brokers Group Inc
Interactive Brokers Group Inc is a global automated electronic broker in the finance industry, with a market capitalization of approximately $34.09 billion. The stock is currently trading at $28.83 per share, with a 52-week range of $28.77 to $40.77. The stock has shown a slight increase of 0.4% in the last trading session. The company's market sentiment appears to be relatively stable, with a current RSI of 106.75, indicating potential overbought conditions. However, the stock is currently trading below its 50-day and 200-day moving averages, suggesting a bearish trend. Investors should be cautious, as the stock may face potential resistance at the $30.00 level. It is important to note that past market behavior is not always indicative of future performance, and there may be uncertainties and risks associated with this analysis.
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