Interactive Brokers is now offering cryptocurrency trading with no spreads, markups, or custody costs.
Monday, September 13 – As the latest online retail brokerage to add digital assets to its product line, Interactive Brokers Group said it would launch cryptocurrency trading on its platform.
Through a wide variety of digital assets, the brokerage will offer crypto trading to clients in the United States.
U.S. residents will now be eligible to trade in crypto through Interactive Brokers Group’s platform.
An online cryptocurrency trading platform has been launched in association with Interactive Brokers and Paxos Trust. A unified crypto trading experience will be offered to the brokerage firm’s clients. Therefore, the Crypto asset class will be added to the platform along with the rest of the digital assets. At this time, the facility is exclusively only available to U.S. residents.
Through this partnership, Interactive Broker Group will be able to provide its clients with digital assets such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH) for trading.
On a single platform, users will be able to access all types of digital assets.
Investments in cryptos and traditional assets were traded on different platforms before cryptocurrencies gained mainstream acceptance in the financial markets. Interactive Brokers and other big firms are changing the crypto world while offering all customers a comfortable experience.
● A crypto exchange or broker will charge a trader a 2.0% fee along with additional markups.
● On Interactive Brokers, Paxos offers cryptocurrency trading with commissions as low as 0.12% – 0.18%.
All assets will be available on a single platform, which will allow users to transact and view all their assets at once. Users can trade crypto, stocks, bonds, futures, options, and ETFs simultaneously using the platform.