Interactive Brokers (Nasdaq: IBKR) has launched cryptocurrency staking for eligible clients, letting them earn rewards on Ethereum while managing crypto alongside stocks, options, futures and other assets on its unified platform. Staking services are provided by digital-asset infrastructure firm ZeroHash, and rewards, when earned, are credited as additional staked $ETH that can compound while the position remains staked, according to the company’s announcement.
At launch, eligible Interactive Brokers LLC clients can stake Ethereum through a Staking Dashboard in the broker’s Client Portal, where they can submit stake and unstake requests and monitor pending activity. Chief Executive Officer Milan Galik framed the product as the crypto equivalent of the firm’s existing Stock Yield Enhancement Program, which lets clients earn extra income on shares they hold.
“Similar to how our Stock Yield Enhancement Program allows clients to earn additional income on shares they own, staking gives clients an opportunity to earn rewards on the cryptocurrency they own,” Galik said. “We want clients to earn more from the assets they hold.”
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