-
Interactive Brokers (NASDAQ: $IBKR) now allows clients to transfer supported cryptocurrencies from external wallets into accounts on its platform without having to sell the digital assets.
The in-kind transfers mean that customers don’t need to liquidate their crypto positions to transfer them to an IBKR crypto account.
Interactive Brokers says its new feature covers Bitcoin (CRYPTO: $BTC), Ethereum (CRYPTO: $ETH), Solana (CRYPTO: $SOL), and other cryptocurrencies.
Commissions and Features
Commissions for transferring crypto to IBKR from another brokerage range from 0.12% to 0.18% of trade value—well below the industry standard of 2%.
The latest move comes after IBKR in January launched 24/7 stablecoin account funding. The company is positioning itself as a single destination for both stock and crypto trading.
In February of this year, the brokerage added Coinbase’s (NASDAQ: $COIN) derivatives perpetual-style futures contracts to its trading platform.
“By enabling direct crypto portfolio transfers, we’re making it easy for traders to benefit from IBKR’s low-cost crypto trading and gain access to our full range of global markets within the same professional trading environment,” said Interactive Broker’s CEO Milan Galik in a news release.
IBKR stock has risen 53% over the last 12 months to trade at $68.55 U.S. per share.
This article has been published in yahoo.com via Yahoo News.
Interactive Brokers Makes It Easier To Move Crypto Onto Its Platform
Interactive Brokers (NASDAQ: $IBKR) now allows clients to transfer supported cryptocurrencies from external wallets...
finance.yahoo.com
