Interactive Brokers Launches Crypto Trading Through Paxos

Clients will be able to trade and hold bitcoin, ether, litecoin and bitcoin cash through Paxos.

By Tanzeel Akhtar

Sep 13, 2021 at 3:24 p.m. UTC

Updated Sep 13, 2021 at 3:52 p.m. UTC

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Tanzeel Akhtar

Tanzeel Akhtar is a reporter based in London,UK.

Follow @Tanzeel_Akhtar on Twitter

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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.

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Tanzeel Akhtar

Tanzeel Akhtar is a reporter based in London,UK.

Follow @Tanzeel_Akhtar on Twitter

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Tanzeel Akhtar

Tanzeel Akhtar is a reporter based in London,UK.

Follow @Tanzeel_Akhtar on Twitter