Interactive Brokers said clients can now move their existing cryptocurrency holdings to accounts linked to its platform, allowing them to trade digital assets without selling them first.
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The mediator It has expanded its cryptocurrency offerings in recent yearsfrom the start Trading via Paxos To roll out the service in the UK, it is integrating digital assets into its multi-asset platform.
Interactive Brokers allows direct cryptocurrency transfers from external wallets
The company said that the new feature enables customers to transfer supported cryptocurrencies from external wallets or platforms directly to cryptocurrency accounts connected to its system. This allows investors to manage digital assets alongside other tools, including… StocksDerivatives and fixed income products.
Commenting on the update, Milan Galic, CEO of Interactive Brokers, said that cryptocurrency investors should have access to pricing and investment options without maintaining separate accounts.
He added that “cryptocurrency investors should be able to access competitive cryptocurrency prices and diverse investment opportunities” without “managing multiple accounts or liquidating their positions.”
Customers can trade Bitcoin, Ethereum, and Solana
The update applies to eligible clients of Interactive Brokers LLC and Interactive Brokers (UK) Limited. Supported assets include Bitcoin, Ethereum, Solana, and others. Transfers can be made to accounts with custody providers Paxos or Zero Hash.
Interactive Brokers said the integration aims to bring together digital asset holdings and traditional investments in a single interface. Customers can trade Cryptocurrencies On the platform with commissions ranging from 0.12% to 0.18% of the transaction value, with a minimum fee of $1.75 per order, with no spreads or additional profit margins.
Depending on the broker, some cryptocurrency platforms charge fees of up to 2% of the trade value, often with built-in additional costs.
This article was written by Tariq Sikdar at www.financemagnates.com.
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