Interactive Brokers launches crypto trading in US for four tokens

Oct 18, 2021 | CoinTelegraph News | 0 comments

interactive-brokers-launches-crypto-trading-in-us-for-four-tokens

U.S.-based financial advisers with Interactive Brokers are now able to recommend cryptocurrency investments to their clients.

Brokerage firm Interactive Brokers Group is allowing investment advisers registered with the company to trade four cryptocurrencies.

In an Oct. 18 announcement, Interactive Brokers said its Registered Investment Advisers would be able to trade and custody Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC) for clients using Paxos Trust Company. The firm reported this service was currently only available for its advisers in the United States, but planned to launch crypto trading for global clients in the future.

“Allocating a small percentage of assets to cryptocurrency as part of a well-diversified portfolio has steadily become more commonplace, and advisors may wish to recommend cryptocurrency to their clients,” said Interactive Brokers executive vice president of marketing and product development Steve Sanders.

Related: Powers On… Broker disintermediation and unregulated crypto exchanges cause major concerns

With headquarters in the United States, Interactive Brokers falls under the purview of regulators including the Securities and Exchange Commission and the Financial Industry Regulatory Authority. As of Oct. 1, the firm reported 1.54 million client accounts with $353.8 billion in equity.

News Source from CoinTelegraph.com

Related Articles

BREAKING: Square rebrands to Block as focus shifts to blockchain

BREAKING: Square rebrands to Block as focus shifts to blockchain

“Block is a new name, but our purpose of economic empowerment remains the same. No matter how we grow or change, we will continue to build tools to help increase access to the economy," said Jack Dorsey. Digital payments company Square announced that it has changed...

FTX.US adds support for Ethereum-based NFTs to its marketplace

FTX.US adds support for Ethereum-based NFTs to its marketplace

After hinting that this feature would come soon, the U.S.-based crypto exchange FTX.US now allows users to buy, sell and display Ethereum NFTs on its previously Solana-only non-fungible token (NFT) marketplace.  According to a tweet from the exchange, Wednesday marks...

Pin It on Pinterest

Share This