Interactive Brokers Hong Kong company has been licensed to conduct retail cryptocurrency trading in Hong Kong。The move was confirmed on LinkedIn by David Friedland, the company's managing director for Asia Pacific.。The move positions the brokerage firm as an important player in the region's growing cryptocurrency space.。

Hong Kong has witnessed a surge of interest and activity in the cryptocurrency space, with major companies scrambling to get local licenses.。It is worth noting that this development follows similar results by other entities such as Hashkey and Swiss crypto bank SEBA.。

More Companies Get Cryptocurrency Regulatory Approval in Hong Kong

Recently, Hong Kong's Securities and Futures Commission (SFC) revisited its cryptocurrency policy, restricting certain products to professional investors and stressing the importance of evaluating customer knowledge before processing customer transactions.。However, the industry has also faced some challenges under strict regulatory measures, such as the JPEX scandal that rocked Hong Kong's digital asset market.。

Separately, Hong Kong's leading investment firm, Victory Securities, has received similar approval from the SFC to offer cryptocurrency services to retail clients, putting the firm on a par with Tracker Securities in the retail cryptocurrency space in the region.。

Earlier this month, Tracker launched a promotion for UK investors。The company offers a £55 commission to users who open a stock investment savings account (ISA) through its platform。The company said the concession gives users access to global securities and tax benefits related to the ISA.。

The European expansion and service enhancement of the securities

At the same time, the recent financial report from Incap also highlights the impressive growth。In the third quarter, the company's net income surged 45% year-over-year to 11.$4.5 billion。By integrating its business into Ireland, Tracker is focused on expanding in Europe, a move designed to optimize efficiency while catering to a growing customer base.。

According to a statement from the company, the Budapest branch will continue to serve customers in Central and Eastern Europe, marking the company's response to the significant post-Brexit customer growth.。In addition to this, the company partnered with Zero Hash in September to extend trading hours for U.S. stocks and cryptocurrency services.。