Interactive Brokers Enhances Crypto Offerings with Zero Hash Partnership

by Damian Chmiel
  • IBKR joins forces with Zero Hash to offer crypto trading and custody services.
  • Companies aim to provide crypto services to new and existing clients.
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Seeking to appeal to a growing base of Bitcoin (BTC) and other cryptocurrency enthusiasts, Interactive Brokers Group, Inc. (Nasdaq: IBKR) has teamed up with Zero Hash, a crypto infrastructure platform. The collaboration aims to provide additional crypto trading services by integrating Zero Hash's full-stack API. This move will benefit select customers who are newly enrolling for crypto trading, offering them access to Zero Hash's trading platform and custody services.

Interactive Brokers Boosts Crypto Offering with Zero Hash

Zero Hash's technology will enable Interactive Brokers' clients to buy, sell, and hold multiple cryptocurrencies , including Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. Zero Hash will manage the complexities of crypto custody, liquidity, and licensing, while Interactive Brokers will handle client interactions. The collaboration is expected to offer additional liquidity and market data to Interactive Brokers' clients.

IBKR has a long-standing reputation for offering advanced technology and a wide range of global products to experienced traders and institutional investors. Milan Galik, the CEO of Interactive Brokers, emphasized that the partnership with Zero Hash is a testament to the company's commitment to enabling clients to diversify their portfolios with cryptocurrency.

"Since 2021, clients of Interactive Brokers have been able to trade cryptocurrency alongside the many other asset classes we offer, and the collaboration with Zero Hash underscores our dedication to providing clients the ability to allocate part of their portfolio to cryptocurrency seamlessly," Galik added.

In addition, Zero Hash's infrastructure will power Interactive Brokers' Central Limit Order Book (CLOB), backed by tier 1 liquidity providers like Stillman Digital, Amber Technologies, and DV Chain. Zero Hash's platform is designed to handle the backend complexity and regulatory licensing required to offer crypto products.

Edward Woodford, the Founder and CEO of Zero Hash, expressed his enthusiasm for the partnership, stating that Interactive Brokers has been a pioneer in FinTech since the 1970s.

"We are pleased that IBKR became a shareholder and partner, cementing Zero Hash as the most trusted and sophisticated B2B2C crypto-as-a-service infrastructure," Woodford concluded.

Expanding Crypto Services to Increase IBKR's Client Base

In July, Finance Magnates reported that Interactive Brokers saw a year-over-year increase of 24% in its client base, reaching 2.29 million. To continually attract new investors and consumers, IBKR is exploring new markets and products to entice the younger generation of investors. This is one reason the firm is expanding its cryptocurrency services, which it has offered for over two years. In early 2023, the broker launched crypto trading in Hong Kong.

David Friedland, the Head of APAC at Interactive Brokers, stated in February that investor demand for digital assets is growing both in Hong Kong and globally, and they are pleased to offer cryptocurrency trading to meet client needs in this key market.

As for Zero Hash, the cryptocurrency company recently strengthened its team by adding former GAIN Capital executive William Klippel as the Vertical Head of Investment Platforms. He brings nearly 20 years of industry experience to the role. Last year, the company secured $105 million in a Series D funding round , bringing its total funding to approximately $165 million to date.

Seeking to appeal to a growing base of Bitcoin (BTC) and other cryptocurrency enthusiasts, Interactive Brokers Group, Inc. (Nasdaq: IBKR) has teamed up with Zero Hash, a crypto infrastructure platform. The collaboration aims to provide additional crypto trading services by integrating Zero Hash's full-stack API. This move will benefit select customers who are newly enrolling for crypto trading, offering them access to Zero Hash's trading platform and custody services.

Interactive Brokers Boosts Crypto Offering with Zero Hash

Zero Hash's technology will enable Interactive Brokers' clients to buy, sell, and hold multiple cryptocurrencies , including Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. Zero Hash will manage the complexities of crypto custody, liquidity, and licensing, while Interactive Brokers will handle client interactions. The collaboration is expected to offer additional liquidity and market data to Interactive Brokers' clients.

IBKR has a long-standing reputation for offering advanced technology and a wide range of global products to experienced traders and institutional investors. Milan Galik, the CEO of Interactive Brokers, emphasized that the partnership with Zero Hash is a testament to the company's commitment to enabling clients to diversify their portfolios with cryptocurrency.

"Since 2021, clients of Interactive Brokers have been able to trade cryptocurrency alongside the many other asset classes we offer, and the collaboration with Zero Hash underscores our dedication to providing clients the ability to allocate part of their portfolio to cryptocurrency seamlessly," Galik added.

In addition, Zero Hash's infrastructure will power Interactive Brokers' Central Limit Order Book (CLOB), backed by tier 1 liquidity providers like Stillman Digital, Amber Technologies, and DV Chain. Zero Hash's platform is designed to handle the backend complexity and regulatory licensing required to offer crypto products.

Edward Woodford, the Founder and CEO of Zero Hash, expressed his enthusiasm for the partnership, stating that Interactive Brokers has been a pioneer in FinTech since the 1970s.

"We are pleased that IBKR became a shareholder and partner, cementing Zero Hash as the most trusted and sophisticated B2B2C crypto-as-a-service infrastructure," Woodford concluded.

Expanding Crypto Services to Increase IBKR's Client Base

In July, Finance Magnates reported that Interactive Brokers saw a year-over-year increase of 24% in its client base, reaching 2.29 million. To continually attract new investors and consumers, IBKR is exploring new markets and products to entice the younger generation of investors. This is one reason the firm is expanding its cryptocurrency services, which it has offered for over two years. In early 2023, the broker launched crypto trading in Hong Kong.

David Friedland, the Head of APAC at Interactive Brokers, stated in February that investor demand for digital assets is growing both in Hong Kong and globally, and they are pleased to offer cryptocurrency trading to meet client needs in this key market.

As for Zero Hash, the cryptocurrency company recently strengthened its team by adding former GAIN Capital executive William Klippel as the Vertical Head of Investment Platforms. He brings nearly 20 years of industry experience to the role. Last year, the company secured $105 million in a Series D funding round , bringing its total funding to approximately $165 million to date.

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