Interactive Brokers Launches Cryptocurrency Trading in the UK

Interactive Brokers has recently broadened its range of services to include cryptocurrency trading in the UK market.

This expansion allows both individual and institutional investors to engage in the trading of four major cryptocurrencies: Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Through a strategic partnership with Paxos, Interactive Brokers aims to provide clients with a diverse array of investment options, catering to the evolving needs and preferences of investors in the digital asset space.

This collaboration enables seamless integration, allowing users to trade cryptocurrencies alongside traditional asset classes within a single brokerage account. By offering this comprehensive investment solution, Interactive Brokers underscores its commitment to providing accessible and versatile financial services to its clientele.

One notable feature of Interactive Brokers’ cryptocurrency offering is its commitment to maintaining low trading fees. The platform ensures competitive commissions ranging from 0.12% to 0.18% of the trade value, with a minimum order fee of $1.75.

Moreover, Interactive Brokers assures users that there will be no additional charges, such as spreads, custody fees, or markups, thereby enhancing the cost-effectiveness of cryptocurrency trading on its platform. This transparent fee structure aims to provide users with clarity and confidence in their trading activities, further solidifying Interactive Brokers’ position as a trusted and reliable financial platform.

Additionally, while cryptocurrency trades on Interactive Brokers are denominated in USD, UK clients can conveniently convert GBP to USD with minimal spreads. This feature streamlines the trading process for users, facilitating seamless transactions across different currencies and enhancing overall user experience.

Author

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.