Interactive Brokers Shares New Cryptocurrencies for Trading

Interactive Brokers Group has announced the addition of three new cryptocurrencies to its trading platform: Chainlink (LINK), Avalanche (AVAX), and Sui (SUI). This expansion further enhances the platform’s already diverse range of digital assets, which includes popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Solana (SOL), Cardano (ADA), Ripple (XRP), and Dogecoin (DOGE).

Interactive Brokers Shares New Cryptocurrencies for Trading

The newly added tokens, LINK, AVAX, and SUI, are available to clients with accounts at Zero Hash LLC, a regulated digital asset infrastructure provider. Eligible clients of Interactive Brokers LLC (IB LLC) can now trade these cryptocurrencies seamlessly alongside traditional assets like stocks, options, futures, currencies, bonds, and mutual funds, all within a single platform. This integration offers investors the ability to establish spot cryptocurrency positions and hedge their exposure with crypto futures, options, and exchange-traded funds (ETFs).

The platform’s unified interface allows clients to view all their balances and positions across asset classes in a single, easy-to-use dashboard, simplifying portfolio and cash management. Additionally, clients can trade cryptocurrencies 24/7, with the option to place non-marketable limit orders for greater control over execution and withdraw crypto to external wallets for added flexibility.

Also, Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers highlighted the firm’s commitment to expanding its digital asset offerings. “Recognizing the growing popularity of cryptocurrency trading, we continue to expand the number of digital assets available on our platform,” he said. “Allocating a portion of an investment portfolio to digital assets is now simpler and more competitively priced.”

Edward Woodford, Founder and CEO of Zero Hash, also expressed excitement about the collaboration, noting the importance of providing sophisticated trading platforms with seamless access to a broad range of tokens to meet the needs of active investors.

Company Overview

Interactive Brokers caters to diverse requirements, offering competitive fees alongside a wide array of trading options such as stocks, ETFs, options, futures, and other global assets. It distinguishes itself as a top-tier brokerage, particularly appealing to traders and investors seeking a straightforward trading experience. With Interactive Brokers’ user-friendly platform, users can execute trades seamlessly, benefiting from competitive spreads that enhance cost-effectiveness. 

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