Interactive Brokers Launches Crypto Trading Through Paxos
Clients will be able to trade and hold bitcoin, ether, litecoin and bitcoin cash through Paxos.
Updated May 11, 2023 at 4:14 p.m. UTC
Interactive Brokers, a Nasdaq-listed online brokerage firm, said it has teamed up with Paxos Trust to allow clients to trade cryptocurrencies.
- Interactive Brokers’ clients will be able to trade and hold bitcoin, ether, litecoin and bitcoin cash through regulated blockchain infrastructure platform Paxos, the company announced Monday.
- The site will charge a commission of 0.12% to 0.18% of trade value, depending on monthly volume. There is a $1.75 minimum per order.
- “Adding access to cryptocurrency trading further delivers on our mission to provide active traders and sophisticated investors with powerful trading tools and a wide range of products at low cost,” said Steven Sanders, executive vice president of marketing and product development at Interactive Brokers, in the press release.
- Rising consumer interest in accessing digital assets through “trusted intermediaries” is driving a shift in the financial industry, according to Paxos.