Interactive Brokers added four new cryptocurrencies to its trading platform: Solana (SOL), Cardano (ADA), Ripple (XRP), and Dogecoin (DOGE).

According to the company, this latest expansion increases the range of available cryptocurrencies, enabling clients to diversify their portfolios with some of the most actively traded tokens in the market.

Access to a Growing Crypto Market

Interactive Brokers’ clients can now trade eight cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). The newly introduced tokens are available to clients with an account at Zero Hash LLC, while SOL is also accessible to those with an account at Paxos Trust Company.

“Adding these new tokens gives our clients even more flexibility to diversify their portfolios and take advantage of opportunities across digital assets,” commented Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers.

“Combined with our low-cost structure and powerful trading tools, this expansion reflects our ongoing commitment to offering clients a comprehensive and efficient trading experience,” he added.

Targeting Clients in the US and the UK

Cryptocurrency trading through Interactive Brokers is available to eligible clients in the US and UK, with access varying by region. According to the company, investors can manage crypto holdings alongside stocks, options, futures, and bonds on the same platform. Commissions for the new offering reportedly range from 0.12% to 0.18% of trade value, with a minimum of $1.75 per order.

Meanwhile, Interactive Brokers Group posted a strong performance last month, reporting a 48% year-over-year increase in Daily Average Revenue Trades (DARTs) at 3.617 million. The DARTs jumped 4% from January, while client accounts totaled 3.54 million, a 32% boost from the prior year and a 3% rise from the previous month.

Besides that, the NASDAQ-listed electronic brokerage expanded its services by integrating the Ljubljana Stock Exchange. The addition enables users to trade Slovenian equities besides more than 160 other global exchanges. The platform offers a variety of financial products, including stocks, options, futures, currencies, bonds, and funds.

This article was written by Jared Kirui at www.financemagnates.com.Retail FXRead More

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