Interactive Brokers Brings Crypto Trading to European Retail Clients
Interactive Brokers has launched cryptocurrency trading for retail investors in the EEA, offering access to 11 digital assets.Summary
Interactive Brokers has expanded its cryptocurrency trading services to retail investors within the European Economic Area (EEA). Eligible clients can now buy and sell 11 digital assets, including Bitcoin and Ethereum, directly through their existing brokerage accounts. The service is offered through Interactive Brokers’ Ireland-based entity, an authorized crypto-asset service provider, with commissions ranging from 0.12% to 0.18% and 24/7 market access. Zerohash provides the underlying trading and custody infrastructure. While crypto revenues are currently small for Interactive Brokers, CEO Milan Galik anticipates growth as assets migrate to the platform. This move aligns with a broader trend of traditional financial institutions, such as Fidelity Investments, Charles Schwab, and Morgan Stanley, increasing their involvement in digital assets to meet growing client demand.
(Source：Cointelegraph)