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 , 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 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.