Interactive Brokers is expecting to offer cryptocurrency trading by the end of the summer, revealed Thomas Peterffy, the firm’s chairman and CEO, during the Piper Sandler Global Exchange and FinTech Conference. The company first started offering access to cryptocurrency when bitcoin futures began trading on the CME in December 2017. Peterffy said at the conference that customers have been asking for direct crypto trading. He further shared that the biggest obstacle in offering cryptos is keeping customers safe and ensuring that no one steals their coins. Back in late January, during the meme stock mania, Robinhood said the brokerage service providers, including Interactive Brokers, placed temporary restrictions on speculative stocks like GameStop, AMC Entertainment, and Koss to what they called to safeguard the market. “We are worried about the integrity of the marketplace and the clearing system,” Peterffy said at the time. A month later, Peterfly said the US financial system faced greater stress during this GameStop frenzy. “We have come dangerously close to the collapse of the entire system, and the public seems to be completely unaware of that, including Congress and the regulators,” he said in an interview.
Interactive Brokers, with 1.3 Million Clients, to Offer Direct Crypto Trading on Customer Demand
bitcoinexchangeguide.com
10 June 2021 13:22, UTC