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Interactive Brokers Launches Crypto Trading Through Paxos

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

Sep 13, 2021 at 3:24 p.m. UTC
Updated Sep 13, 2021 at 3:52 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.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Tanzeel Akhtar is a CoinDesk news reporter based in Europe.

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