On September 13 Interactive Brokers presents a minimal fee crypto trading platform and said making it the latest online retail brokerage to add digital assets to its offerings.
U.S. clients of the brokerage will now be able to trade and custody bitcoin, ethereum, ADA and AVAX along with stocks, options, futures, bonds, mutual funds, and exchange-traded funds, the Interactive Brokers said.
Milan Galik said that as financial markets grow continuously and the number of individual and institutional investors is increasing day by day for the creation of their wealth and financial goals.
Interactive Brokers Chairman Thomas Peterffy said in the month of June they cater to active traders and sophisticated investors who would launch trading in cryptocurrencies by the end of summer as the nascent asset class becomes more mainstream.
Interactive Brokers charges 0.12 percent to 0.18 percent of orders placed depending on monthly volume with no other fees like spreads, markups, or custody fees. The company also said it partnered with Paxos Trust Company to provide regulated crypto services which also works with companies like PayPal on digital asset trading to enable new services.