- Interactive Brokers has added Solana, XRP, Dogecoin and Cardano to its platform.
- The new cryptocurrencies will now be available to eligible investors with accounts at Paxos and Zero Hash LLC.
- Interactive Brokers already offered Bitcoin, Ethereum, Litecoin and Bitcoin Cash.
Online trading platform Interactive Brokers has expanded its suite of supported cryptocurrencies, adding Solana (SOL), Cardano (ADA), Ripple (XRP) and Dogecoin (DOGE).
The platform’s listing of the digital assets broadens access for its customers, bringing more of the top crypto assets to a growing base of users.
Interactive Brokers’ crypto offering also adds to its traditional investments.
Interactive Brokers now offers 8 cryptocurrencies
With the addition of SOL, ADA, XRP and DOGE, Interactive Brokers now offers eight cryptocurrencies in its platform. The tradeable crypto assets now include the top two by market cap Bitcoin (BTC) and Ethereum (ETH), as well as Litecoin (LTC), and Bitcoin Cash (BCH).
LTC and BCH have fallen off in terms of market cap, but were among the top 10 when most platforms, including Interactive Brokers added them.
According to details in today’s announcement, IBKR’s clients with accounts at Zero Hash LLC can access all four new tokens. Meanwhile, those with accounts at Paxos Trust Company, a regulated blockchain and tokenization company, will have access to Solana’s SOL.
“Adding these new tokens gives our clients even more flexibility to diversify their portfolios and take advantage of opportunities across digital assets,” Steve Sanders, executive vice president of marketing and product development at Interactive Brokers, said.
He added:
“Combined with our low-cost structure and powerful trading tools, this expansion reflects our ongoing commitment to offering clients a comprehensive and efficient trading experience.”
IBKR expands crypto assets for UK, US users
Interactive Brokers will offer the new cryptocurrencies to qualifying clients in the United States and the United Kingdom. Also notably, customers will have access to these assets from the same platform that also offers stocks, bonds, futures, and options.
That means traders can have spot positions as well as options, futures and ETFs, benefiting from a diverse range of opportunities.
The addition of the new set of digital assets comes as the crypto industry receives a major boost from Donald Trump’s pro-crypto administration.
Recently, the US president signed an executive order establishing a strategic Bitcoin reserve and US crypto stockpile. SOL, XRP and ADA are part of the “Made in America” group of cryptocurrencies to feature greatly in the stockpile conversation.
Meanwhile, these cryptocurrencies, including LTC and DOGE, have attracted several spot ETF applications.
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