Interactive Brokers Builds Out One of the Most Comprehensive and Low-Cost Solutions for Accessing Cryptocurrency Available
Interactive Brokers (Nasdaq: IBKR), an automated global broker, today announced the addition of nine new tokens for trading through zerohash and three new tokens through Paxos. The company also introduced the ability to transfer funds to external wallets via stablecoin. Clients can now withdraw USD from their IBKR account via automatic conversion to USDC, PYUSD (PayPal USD), or RLUSD (Ripple USD), extending the stablecoin funding flexibility already available for deposits. Together, these additions strengthen one of the most capable and cost-effective crypto trading experiences available from any multi-asset broker.
"We believe digital assets should be integrated into a client's broader financial experience, not treated separately," said Milan Galik, Chief Executive Officer of Interactive Brokers. "As stablecoins become a more widely used method of payment and transfer, we remain focused on giving clients access to digital assets alongside the broad range of products, asset classes and global markets available through the Interactive Brokers platform.”
While many traditional brokers are just beginning to offer crypto or charge a premium for it, and dedicated crypto exchanges lack multi-asset brokerage capabilities, cryptocurrency trading on the IBKR platform is built around four pillars that set it apart:
