Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo
Seeking Alpha 2021-09-13 14:37:32

Interactive Brokers launches low-cost crypto trading through Paxos

Brokerage firm Interactive Brokers Group (NASDAQ:IBKR) launches cryptocurrency trading for its clients through Paxos Trust, a regulated blockchain infrastructure platform. Through Paxos, IBKR clients will be able to trade and custody Bitcoin ((BTC-USD -4.7%)), Ethereum ((ETH-USD -8.3%)), Litecoin ((LTC-USD -2.0%)), and Bitcoin Cash ((BCH-USD -7.6%)) alongside other asset classes available on the Interactive Brokers (IBKR) platform. Crypto trading with Paxos on IBKR's platform has commissions of 0.12%-0.18% of trade value, depending on monthly volume; that compares with a 2.00% fee for other crypto exchanges. Plus, there's no added spreads, markups, or custody fees, the company said. "In giving our clients access to cryptocurrency trading, we recognize the need to meet the growing investor demand to trade cryptocurrency alongside other asset classes in a convenient and low-cost way," said CEO of interactive Brokers Milan Galik. In June, Interactive Brokers will start cryptocurrency trading in the coming months.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.