Interactive Brokers, a global automated broker, has announced that clients can now transfer their existing holdings in supported cryptocurrencies directly into their Interactive Brokers-linked crypto accounts. This new capability allows clients to trade digital assets at reduced costs and access global investment markets without first liquidating their positions.
Milan Galik, Chief Executive Officer of Interactive Brokers, stated, “Crypto investors should be able to access competitive crypto pricing and diversified investment opportunities without managing multiple accounts or liquidating their positions.” The firm aims to provide a unified platform where digital assets and traditional investments are managed together.
Clients can now move supported digital assets from external wallets or platforms into their IBKR-linked crypto accounts, integrating them with stocks, options, futures, currencies, bonds, and other investments. Interactive Brokers offers competitive cryptocurrency trading costs through its platform, with commissions ranging from 0.12% to 0.18% of the trade value. A minimum charge of USD 1.75 per order applies, with no additional spreads or markups. This contrasts with many other crypto platforms, which may charge trading fees of up to 2.00% of trade value or more, often including embedded costs.
Galik further explained, “By enabling direct crypto portfolio transfers, we’re making it easy for traders to benefit from IBKR’s low-cost crypto trading and gain access to our full range of global markets within the same professional trading environment.” Eligible clients of Interactive Brokers LLC and Interactive Brokers (U.
K.) Limited can transfer Bitcoin, Ethereum, Solana, and other supported cryptocurrencies into their IBKR-linked crypto accounts, which are facilitated by Paxos or zerohash.
Interactive Brokers Group, Inc., a member of the S&P 500, provides automated trade execution and custody across over 170 markets in numerous countries and currencies. The company serves individual investors, hedge funds, proprietary trading groups, financial advisors, and introducing brokers from a single unified platform. With four decades of focus on technology and automation, Interactive Brokers aims to provide clients with a sophisticated platform, advantageous execution prices, and comprehensive tools at low or no cost.
