Interactive Brokers added four new cryptocurrencies,
Solana (SOL), Cardano (ADA), Ripple (XRP), and Dogecoin (DOGE), to its trading
platform.
According to the company, this latest expansion
increases the range of available cryptocurrencies, enabling clients to
diversify their portfolios with some of the most actively traded tokens in the
market.
Access to a Growing Crypto Market
Interactive Brokers’ clients can now trade a total of
eight cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin
(LTC), and Bitcoin Cash (BCH). The newly introduced tokens are available to
clients with an account at Zero Hash LLC, while SOL is also accessible to those
with an account at Paxos Trust Company.
“Adding these new tokens gives our clients even
more flexibility to diversify their portfolios and take advantage of
opportunities across digital assets,” commented Steve Sanders, EVP of
Marketing and Product Development at Interactive Brokers.
“Combined with our low-cost structure and
powerful trading tools, this expansion reflects our ongoing commitment to
offering clients a comprehensive and efficient trading experience.”
Targeting Clients in the US and the UK
Cryptocurrency trading through Interactive Brokers is
available to eligible clients in the US and UK, with access varying by region. According to the company, investors can manage crypto
holdings alongside stocks, options, futures, and bonds on the same platform.
Commissions for the new offering reportedly range from 0.12% to 0.18% of trade
value, with a minimum of $1.75 per order.
Meanwhile, Interactive Brokers Group posted strong performance last month, reporting a 48% year-over-year increase in Daily Average Revenue Trades (DARTs) at 3.617 million. The DARTs jumped 4% from January, while client accounts totaled 3.54 million, a 32% boost from the prior year and a 3% rise from the previous month.
Expect ongoing updates as this story evolves.
Interactive Brokers added four new cryptocurrencies,
Solana (SOL), Cardano (ADA), Ripple (XRP), and Dogecoin (DOGE), to its trading
platform.
According to the company, this latest expansion
increases the range of available cryptocurrencies, enabling clients to
diversify their portfolios with some of the most actively traded tokens in the
market.
Access to a Growing Crypto Market
Interactive Brokers’ clients can now trade a total of
eight cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin
(LTC), and Bitcoin Cash (BCH). The newly introduced tokens are available to
clients with an account at Zero Hash LLC, while SOL is also accessible to those
with an account at Paxos Trust Company.
“Adding these new tokens gives our clients even
more flexibility to diversify their portfolios and take advantage of
opportunities across digital assets,” commented Steve Sanders, EVP of
Marketing and Product Development at Interactive Brokers.
“Combined with our low-cost structure and
powerful trading tools, this expansion reflects our ongoing commitment to
offering clients a comprehensive and efficient trading experience.”
Targeting Clients in the US and the UK
Cryptocurrency trading through Interactive Brokers is
available to eligible clients in the US and UK, with access varying by region. According to the company, investors can manage crypto
holdings alongside stocks, options, futures, and bonds on the same platform.
Commissions for the new offering reportedly range from 0.12% to 0.18% of trade
value, with a minimum of $1.75 per order.
Meanwhile, Interactive Brokers Group posted strong performance last month, reporting a 48% year-over-year increase in Daily Average Revenue Trades (DARTs) at 3.617 million. The DARTs jumped 4% from January, while client accounts totaled 3.54 million, a 32% boost from the prior year and a 3% rise from the previous month.
Expect ongoing updates as this story evolves.
This post is originally published on FINANCEMAGNATES.
