Cryptocurrencies
Interactive Brokers Adds Cryptocurrency Trading, Joining Rivals
- Broker adds Bitcoin, Ethereum, Litecoin, Bitcoin Cash
- Virtual currencies to be offered through Paxos partnership
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Interactive Brokers Group Inc. is introducing cryptocurrency trading, adding to competition for self-guided virtual currency traders among brokerages.
The Greenwich, Connecticut-based company will allow users to buy and sell Bitcoin, Ethereum, Litecoin and Bitcoin Cash through a partnership with crypto brokerage Paxos Trust Co., according to a statement Monday. Customers will pay a commission of 0.12% to 0.18% of a trade’s value, or up to $1.80 per $1,000 trade, depending on how much they transact.