Interactive Brokers has expanded its cryptocurrency offering with the addition of Chainlink (LINK), Avalanche (AVAX), and Sui (SUI) to boost its multi-asset trading platform for retail and institutional investors alike.
Clients with access to crypto through Zero Hash LLC can now trade a total of 12 digital assets on the same platform they already use for stocks, futures, options, and bonds. According to the company, this move occurs as demand for accessible and integrated crypto trading continues to rise.
Unified Trading, Broader Access
By including LINK, AVAX, and SUI, Interactive Brokers has broadened the appeal of its platform to crypto investors seeking a wider range of assets without sacrificing the convenience of a single interface. The broker already supports major tokens, including Bitcoin, Ethereum, Solana, and Cardano.
“Recognizing the growing popularity of cryptocurrency trading, we continue to expand the number of digital assets available on our platform,” commented Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers.
“With Interactive Brokers, allocating a percentage of an investment portfolio to digital assets is simple and competitively priced, and investors can now access a broader range of tokens alongside the many other asset classes available on our platform.”
The unified platform enables clients to manage positions in digital assets alongside traditional securities, with real-time visibility into their full portfolio. Additionally, the broker reportedly supports spot trading, crypto-related derivatives, ETFs, and futures.
Interactive Brokers offers crypto trading at rates ranging from 0.12% to 0.18% of trade value, with a $1.75 minimum per order. The broker emphasizes that its clients pay no additional spreads, custody charges, or markups.
Eligible US Clients
Interactive Brokers works with Zero Hash LLC to facilitate crypto trading for eligible U.S. clients. Zero Hash’s infrastructure supports features such as 24/7 trading, the ability to hold both cash and crypto in the same account, and crypto withdrawals to external wallets.
Interactive Brokers is targeting eligible clients in the US and UK for the new crypto offerings. On the platform, users can reportedly manage crypto assets holdings besides stocks, options, futures, and bonds on the same platform.
Interactive Brokers’ expansion into digital assets is paying off. The group posted a strong performance in February, highlighting a 48% year-over-year increase in Daily Average Revenue Trades (DARTs) to 3.617 million. The DARTs jumped 4% from January, while client accounts totaled 3.54 million, a 32% jump from the prior year and a 3% rise from the previous month.
This article was written by Jared Kirui at www.financemagnates.com.Institutional FXRead More
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