Interactive Brokers has expanded its cryptocurrency trading options by adding Chainlink, Avalanche, and Sui tokens to their platform, which already features well-known coins like Bitcoin and Ethereum. The company emphasises user-friendly trading, competitive costs, and a unified interface for managing diverse assets. Clients can trade crypto 24/7 and withdraw to external wallets, reflecting the firm’s aim to capture the growing interest in digital assets among investors.
Interactive Brokers, a well-known electronic broker, is upping its game in the crypto trading arena again. They’ve just added three new cryptocurrency tokens—Chainlink (LINK), Avalanche (AVAX), and Sui (SUI)—to their trading platform. These join a roster of established coins like Bitcoin (BTC) and Ethereum (ETH), expanding the options available for investors looking to dive into digital assets.
According to Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers, this move acknowledges the increasing interest in cryptocurrency amongst investors. He mentioned that expanding the number of digital assets available aligns with their goal of catering to a diverse range of trading preferences across their platform.
Clients of Interactive Brokers can trade these new tokens alongside various financial instruments including stocks, options, and futures. This flexibility means investors can easily manage their portfolios through one platform that integrates all assets. The company claims to simplify the trading process by offering a unified interface where all balances and positions are visible at once.
Competitive pricing is another highlight. Commissions for cryptocurrency trades at Interactive Brokers range from 0.12% to 0.18% based on monthly volume, with a minimum fee of just $1.75 per order. What’s more, clients won’t encounter extra costs like spreads or custody fees. This pricing model aims to present a more favourable option compared to many other well-known exchanges.
Edward Woodford, Founder and CEO of Zero Hash (the partner facilitating this crypto trading), stated that their infrastructure’s design is key to supporting Interactive Brokers’ ambitious expansion into cryptocurrencies. By adding these specific tokens, they aim to meet the needs of active investors who demand a variety of choices.
For those trading cryptocurrencies via the Interactive Brokers platform, several features are available, like holding both USD and cryptocurrencies in the same account, trading 24/7, and the option to withdraw crypto to personal wallets. They even allow non-marketable limit orders which can aid in managing trade execution more effectively.
For interested clients, there’s an extensive overview of trading options available on the Interactive Brokers website. The firm operates in over 160 markets and offers a sophisticated way to manage all kinds of investments with a focus on low costs and high-quality execution.
