Interactive Brokers Expands Crypto Offering with New Tokens

Interactive Brokers adds Chainlink, Avalanche, and Sui tokens, expanding its crypto offering for seamless investor trading.

Key Points:

• New tokens Chainlink (LINK), Avalanche (AVAX), and Sui (SUI) added to Interactive Brokers‘ platform.
• Clients can trade cryptocurrencies alongside traditional assets like stocks, bonds, and options on a unified platform.

Interactive Brokers Group, Inc. (NASDAQ:IBKR) has further enhanced its cryptocurrency offering by adding three new tokens to its trading platform: Chainlink (LINK), Avalanche (AVAX), and Sui (SUI). These additions expand the range of digital assets available to investors, complementing existing tokens such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Solana (SOL), Cardano (ADA), Ripple (XRP), and Dogecoin (DOGE).

The newly added tokens will be available to Interactive Brokers clients who hold an account with Zero Hash LLC. The platform aims to provide a seamless trading experience for these new assets alongside traditional financial products, such as stocks, bonds, and mutual funds.

Interactive Brokers clients with eligible accounts at Interactive Brokers LLC (IB LLC) will now be able to access these tokens directly from the same platform they use to trade traditional financial instruments. This integration means users can track and manage both their digital and traditional asset portfolios in a unified interface. With over 160 global markets covered, the platform is designed for investors looking to trade a wide array of asset classes, whether it’s stocks, options, futures, or cryptocurrencies.

Interactive Brokers Expands Crypto Offering with New Tokens

Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers, commented on the expansion, saying, “The increasing demand for cryptocurrency trading has prompted us to add more digital assets to our platform. Our goal is to offer investors a simple, cost-effective way to incorporate cryptocurrencies into their portfolios alongside traditional assets, and with these new tokens, we are making that even more achievable.”

Interactive Brokers continues to provide sophisticated trading tools, enabling users to not only trade spot cryptocurrencies but also hedge their exposure using crypto futures, options, and ETFs. The platform’s all-in-one interface simplifies managing portfolios, allowing investors to view all their positions in a single, easy-to-understand dashboard.

Edward Woodford, Founder and CEO of Zero Hash, expressed enthusiasm about the partnership, saying, “Interactive Brokers’ infrastructure is well-suited for scaling digital asset offerings, and we’re thrilled to help enable the addition of tokens like Chainlink, Avalanche, and Sui. This expansion aligns with the needs of a growing community of active investors who seek a diverse and accessible range of assets.”

The platform’s crypto offering brings several distinct advantages. Investors can hold both cryptocurrencies and U.S. dollars in the same account, offering flexibility in managing digital assets. Additionally, crypto trading is available around the clock, providing uninterrupted access to the market. Interactive Brokers also offers enhanced execution control, with features like non-marketable limit orders. And for those looking for extra flexibility, users can withdraw their cryptocurrencies to external wallets.

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