financemagnates.com
Interactive Brokers added four new cryptocurrencies, Solana (SOL), Cardano (ADA), Ripple (XRP), and Dogecoin (DOGE), to its trading platform.
According to the company, this latest expansion increases the range of available cryptocurrencies, enabling clients to diversify their portfolios with some of the most actively traded tokens in the market.
Access to a Growing Crypto Market
Interactive Brokers' clients can now trade a total of eight cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). The newly introduced tokens are available to clients with an account at Zero Hash LLC, while SOL is also accessible to those with an account at Paxos Trust Company.
"Adding these new tokens gives our clients even more flexibility to diversify their portfolios and take advantage of opportunities across digital assets," commented Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers.
"Combined with our low-cost structure and powerful trading tools, this expansion reflects our ongoing commitment to offering clients a comprehensive and efficient trading experience."
Targeting Clients in the US and the UK
Cryptocurrency trading through Interactive Brokers is available to eligible clients in the US and UK, with access varying by region. According to the company, investors can manage crypto holdings alongside stocks, options, futures, and bonds on the same platform. Commissions for the new offering reportedly range from 0.12% to 0.18% of trade value, with a minimum of $1.75 per order.
Expect ongoing updates as this story evolves.