Interactive Brokers Touts New 'Low-Cost Way' To Access Crypto Markets At Any Time

Interactive Brokers Group Inc. (NASDAQ: IBKR) is expanding its crypto trading capabilities.

Through an enhanced web application available from Paxos Trust Company, IBKR customers will be able to access trading of Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Litecoin (CRYPTO: LTC), among others, in their Paxos accounts 24 hours and seven days a week.

Also available are alternative order types. Commissions are far lower than some competitors at $1.75 per order and 0.12-0.18% of trade value, depending on monthly volume.

Trading is available on the IBKR Trader Workstation, Client Portal, Mobile, and GlobalTrader.

“This gives our clients a simple and low-cost way to access crypto markets at any time,” said Steve Sanders, EVP of Marketing and Product Development at IBKR. “With the added ability to pre-fund accounts, our clients have greater flexibility to react to market events and manage their cryptocurrency exposure.”