Interactive Brokers and Paxos Launched Bitcoin Trading Services to Institutions
The American multinational brokerage firm – Interactive Brokers Group – allowed its clients to trade and custody four of the leading cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). Its partner in the initiative is Paxos Trust Company.
IBKR Catching The Crypto Wave
According to a recent press release, the global brokerage organization – Interactive Brokers Group (Nasdaq: IBKR) has joined forces with the blockchain infrastructure platform – Paxos Trust Company – to launch digital asset services to its customers. The new product includes trading some of the largest cryptocurrencies by market capitalization. Namely, those are Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
The trading commissions on Interactive Brokers range between 0.12% and 0.18% depending on monthly volume, as clients can make use of the new offering with …
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