Clients of Interactive Brokers will be able to trade cryptocurrencies by the end of summer, according to Bitcoin.com.
- Chairman and Chief Executive Officer Thomas Peterffy in a conference on Wednesday said the decision to offer cryptocurrency trading came amid public demand.
- Peterffy said one of the difficulties is the safety and ensuring that coins will not be stolen despite transactions being untraceable. The firm will focus on this once the offering comes.
- Interactive Brokers’ lineup includes cryptocurrency-related investments, but not direct cryptocurrency trading. Its current offerings include trusts, Bitcoin providers, and a number of indices related to the crypto space.
Interactive Brokers ended the first quarter with 1.33 million customer accounts and $330.6 billion in customer equity. IBKR is flat, BTC/USD is up 8.05%; ETH/USD up 0.48%; and XRP/USD up 1.57%.