Interactive Brokers Enables Crypto Portfolio Transfers for Lower-Cost Trading and Broader Market Access
Greenwich, Conn.–(ANTARA/Business Wire)–Interactive Brokers (Nasdaq: IBKR), the global automated broker, today announced that clients can transfer their existing holdings in supported cryptocurrencies to their linked Interactive Brokers crypto accounts, enabling them to trade crypto at lower costs while gaining access to global investment markets—all without selling their digital assets upfront.
Interactive Brokers offers a comprehensive solution that unites digital assets and conventional investments on one platform, providing access to competitive cryptocurrency prices and broader investment opportunities. IBKR clients can now directly move supported digital assets from digital wallets or external platforms to their IBKR-linked crypto accounts without first liquidating their crypto positions. This allows them to manage digital assets alongside stocks, options, futures contracts, currencies, bonds, and other investments.
Interactive Brokers offers some of the lowest cryptocurrency trading fees available through a conventional brokerage platform. Trading cryptocurrencies via Paxos or zerohash on the Interactive Brokers platform incurs a commission of 0.12% to 0.18% of the trade value, with a minimum of USD 1.75 per order, and no additional spreads or markups. By comparison, many crypto platforms charge trading fees of up to 2.00% of the trade value or more, often with hidden additional fees.
“Crypto investors should be able to access competitive crypto prices and diverse investment opportunities without managing multiple accounts or liquidating their positions,” said Milan Galik, Chief Executive Officer of Interactive Brokers. “By enabling direct crypto portfolio transfers, we make it easier for traders to benefit from IBKR’s low-cost crypto trading and gain access to our full range of global markets in the same professional trading environment.”
Eligible clients of Interactive Brokers LLC and Interactive Brokers (U.K.) Limited can now directly transfer Bitcoin, Ethereum, Solana, and other supported cryptocurrencies to their IBKR-linked crypto accounts at Paxos or zerohash.
For more information, please visit:
United States and countries served by IB LLC: Cryptocurrency Trading
United Kingdom: Cryptocurrency Trading
Requirements for cryptocurrency trading or deposits may vary depending on the legal country of residence.
The most competitive investors choose Interactive Brokers
About Interactive Brokers Group, Inc.:
Interactive Brokers Group, Inc. (NASDAQ: IBKR) is a member of the S&P 500. Its affiliates provide automated trade execution and custody of securities, commodities, foreign exchange, and futures contracts around the clock on more than 170 markets in many countries and currencies from a single unified platform for clients around the world. We serve individual investors, hedge funds, proprietary trading groups, financial advisers, and introducing brokers. Our four-decade focus on technology and automation has enabled us to equip our clients with a highly sophisticated platform to manage their investment portfolios. We strive to provide our clients with advantageous execution prices and trading, risk and portfolio management tools, research facilities, and investment products, all at low or no cost, so they can achieve superior returns on their investments. Interactive Brokers consistently earns recognition as a top broker, receiving numerous awards and praise from leading industry sources such as Barron’s, Investopedia, Stockbrokers.com, and many others.
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