Interactive Brokers Group, a global brokerage firm, today announced the addition of crypto, clients can trade Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH) via Paxos Trust Company.
Through Paxos, IBKR clients will be able to trade cryptocurrency alongside other asset classes available on the Interactive Brokers platform creating a unified customer experience.
While initially available to clients that are U.S. residents with individual or joint accounts, Interactive Brokers plans to launch cryptocurrency trading to additional client types, including Financial Advisors and clients in other parts of the world, in the future.
“Paxos provides the regulated blockchain infrastructure to ensure enterprises can enable crypto safely and with reduced risk.”
– Charles Cascarilla, CEO & Co-Founder of Paxos
As a regulated blockchain infrastructure platform, Paxos was the first chartered Trust company for digital assets in 2015, regulated by the New York Department of Financial Services. This oversight helps protect consumers and provides for assets to be held in bankruptcy remote, segregated accounts.