Interactive Brokers starts cryptocurrency trade for customers via Paxos -
Interactive Brokers starts cryptocurrency trade for customers via Paxos -
Interactive Brokers, one of the largest online broker companies, has announced today to offer cryptocurrency trading services in cooperation with Paxos. Users of the platform now have a complete suite of trading options for cryptocurrencies, together with traditional trade offers such as stocks and bonds. The company recognized the importance of digital assets for dealers to help them achieve their financial goals.
Interactive Brokers debut crypto trade
Interactive Brokers, an online brokerage with more than one million customers, has introduced to its suite of trading options, Plans for which his CEO June again. Now users of the Interactive Brokers platform can act against various crypto-assets: Bitcoin, Ether, Litecoin and Bitcoin level. With this recording, Interactive Brokers recognizes the increasing importance of the cryptocurrency investment class for diversification on today's financial market.
said Milan Galik, CEO of the company:
By giving our customers access to the cryptocurrency trade, we recognize the need to meet the growing demand from investors after convenient and inexpensive trading in cryptocurrencies.
The company wants to consolidate itself as the preferred broker to acquire cryptocurrencies at low fees. The company announced that it would only collect a maximum of 0.18 % of the trading value with a minimum amount of $ 1.75 per order without additional spreads, serves or custody account fees. This could open the doors for a large number of investors who trust Interactive Brokers and which were not yet exposed to this type of asset about traditional brokerage offers.
Paxos powered trades
to achieve his goal to bring the cryptocurrency trade to its platform, the brokerage in partnership with Paxos, a company based in New York for cryptocurrency services. The solution used is called Paxos Crypto Brokerage, with which the company can manage the volume and complexity of the trades of Interactive Brokers and other customers.
also said Charles Cascarilla, CEO and co -founder of Paxos:
PAXOS provides the regulated blockchain infrastructure to ensure that companies can activate Krypto safely and with reduced risk. Our cooperation with Interactive Brokers enables experienced investors for the first time a quick and reliable access to the digital economy.
The company is now configured in such a way that it is a complete rival of Robinhood, the free financial platform, since it now offers a fully comparable stack of trading options.
What do you think of Interactive Brokers who introduce your customers' trade in cryptocurrencies? Tell us in the comment area below.
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