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Interactive Brokers Launches Crypto Trading Through Paxos
Clients will be able to trade and hold bitcoin, ether, litecoin and bitcoin cash through Paxos.
Interactive Brokers, a Nasdaq-listed online brokerage firm, said it has teamed up with Paxos Trust to allow clients to trade cryptocurrencies.
- Interactive Brokers’ clients will be able to trade and hold bitcoin, ether, litecoin and bitcoin cash through regulated blockchain infrastructure platform Paxos, the company announced Monday.
- The site will charge a commission of 0.12% to 0.18% of trade value, depending on monthly volume. There is a $1.75 minimum per order.
- “Adding access to cryptocurrency trading further delivers on our mission to provide active traders and sophisticated investors with powerful trading tools and a wide range of products at low cost,” said Steven Sanders, executive vice president of marketing and product development at Interactive Brokers, in the press release.
- Rising consumer interest in accessing digital assets through “trusted intermediaries” is driving a shift in the financial industry, according to Paxos.
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
