Interactive Brokers introduces the trade in cryptocurrencies
Interactive Brokers introduces the trade in cryptocurrencies
US customers can now also act and keep Bitcoin, Ethereum, Litecoin and Bitcoin money.
"In the course of the development of the financial markets, sophisticated private and institutional investors are increasingly looking for allocations in digital currencies to achieve their financial goals," said Chief Executive Officer Milan Galic
The chairman Thomas Peterffy said in June that Interactive Brokers, who is aimed at active dealers and experienced investors, will start trading with cryptocurrencies by the end of summer, since the aspiring asset class becomes more and more a mainstream.
other brokers, including Robinhood Markets INC and Tradestation, also offer the trade in cryptocurrencies, while Charles Schwab Corp and Fidelity are currently offering access to Bitcoin futures.
The crypto trading commissions at Interactive Brokers are 0.12% of the trading value, depending on the monthly volume, without additional spreads, surcharges or deposit fees, said the company based in New York.
Interactive Brokers said that a partnership had been received with Paxos Trust Company, a regulated provider of cryptocurrency services that also works with companies such as PayPal when trading digital assets to enable the new service.
A look at all business events of today can be found in our economic calendar.
(reporting by John Mccrank; Editor of Marguerita Choy)