Interactive Brokers has announced that it will add four new cryptocurrencies to its trading platform: Solana (Sol), XRP, Cardano (ADA) and Dogecoin (Doge). The expansion follows the first foray into the crypto market, which began with Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) more than three years ago.
Eligible clients in the US and UK can now trade these digital assets 24/7 through the same interface used for traditional investments such as stocks, options and futures.
This feature is facilitated through a partnership with Zero Hash and Paxos, providing the infrastructure needed for cryptocurrency trading without an interactive broker that directly manages blockchain operations.
The company said by including these new tokens, it allows clients to diversify their portfolios and hedge market fluctuations using crypto futures, options and ETFs. Additionally, clients can withdraw cryptocurrency to external wallets to provide greater control over their digital assets.
Interactive brokers have established themselves as competitive players in the cryptocurrency trading environment by offering low committee fees of 0.12% to 0.18% of the transaction value, without any additional fees or spreads.
Founded in 1977, interactive brokers have evolved into one of the world’s largest electronic brokerages, reporting $16.6 billion in equity capital as of March 1st. The company’s founder, Thomas Peterffy, initially expressed skepticism about Crypto, but later admitted personal investment in the field.