Interactive Brokers said clients can now transfer existing cryptocurrency holdings into accounts linked to its platform, allowing them to trade digital assets without selling them first.

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The broker has expanded its crypto offering in recent years, from launching trading via Paxos to rolling out the service in the UK, as it integrates digital assets into its multi-asset platform.

Interactive Brokers Enables Direct Crypto Transfers from External Wallets

The company said the new feature enables clients to move supported cryptocurrencies from external wallets or platforms directly into crypto accounts connected to its system. This allows investors to manage digital assets alongside other instruments, including equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term, derivatives, and fixed-income products.

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Commenting on the update, Chief Executive of Interactive Brokers, Milan Galik, said crypto investors should have access to pricing and investment options without maintaining separate accounts.

He added that “crypto investors should be able to access competitive crypto pricing and diversified investment opportunities” without “managing multiple accounts or liquidating their positions.”

Clients Can Trade Bitcoin, Ethereum, Solana

The update applies to eligible clients of Interactive Brokers LLC and Interactive Brokers (U.K.) Limited. Supported assets include Bitcoin, Ethereum, and Solana, among others. Transfers can be made into accounts held with custody providers Paxos or Zero Hash.

Interactive Brokers said the integration is intended to combine digital asset holdings with traditional investments in a single interface. Clients can trade cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term on the platform at commissions ranging from 0.12% to 0.18% of transaction value, with a minimum fee of $1.75 per order, with no added spreads or markups.

According to the broker, some cryptocurrency platforms charge fees of up to 2% of trade value, often with additional embedded costs.