By Chris Wack
Interactive Brokers Group Inc. stated it has launched cryptocurrency buying and selling for registered funding advisors within the U.S., enabling RIAs to commerce and custody bitcoin, ethereum, litecoin and bitcoin money by way of Paxos Belief Co. on behalf of purchasers.
The corporate stated the RIAs will profit from the flexibility to handle their consumer’s positions in cryptocurrency along with shares, choices, futures, bonds, mutual funds and ETFs from everywhere in the world from a single display, and all proven on one platform with customizable experiences.
Interactive Brokers stated cryptocurrency buying and selling with Paxos on Interactive Brokers’ RIA platform has commissions of 0.12% to 0.18% of commerce worth, relying on month-to-month quantity with a $1.75 minimal per order. There are not any added spreads, markups, or custodial charges.
Interactive Brokers stated it plans to launch the service for monetary advisors in different elements of the world sooner or later.
Write to Chris Wack at chris.wack@wsj.com
