Interactive Brokers , an automated global broker, 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.
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Interactive Brokers 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.
“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:
Highly competitive costs across multi-asset trading. IBKR charges up to 85% less than competitors to trade crypto with crypto commissions starting at just 0.12% to 0.18% of trade value with a USD 1.75 minimum per order and no added spreads, markups, or custody fees. Recently launched crypto offerings from traditional brokers charge as much as 0.75%, and even the most competitive alternatives are still two to four times more expensive, with some platforms charging up to 1.20% or more.
Stablecoin funding that most traditional brokers do not offer. In addition to traditional means such as ACH and wire, Interactive Brokers now offers bidirectional funding via stablecoin. Clients can fund their accounts and transfer to external destinations like personal cryptocurrency wallets, using three stablecoins – USDC issued by Circle, the Ripple stablecoin (RLUSD), and the PayPal stablecoin (PYUSD). Funding and external transfers are processed near-instantly, 24/7, including on weekends and holidays. This allows clients to move capital onto the platform and begin trading across 170 global markets within minutes, any day of the year.
Full crypto transfer flexibility. Eligible clients can send and receive supported digital assets to and from both custodial and non-custodial wallets.
A unified multi-asset platform. Clients can trade cryptocurrency alongside a broad range of financial assets including stocks, options, futures, bonds, funds and prediction markets. There are no separate apps and no need to switch between platforms.
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