The economic advisory and shares company Interactive Brokers has included a purchase and sale service for four specific cryptocurrencies.

From October 18, users of Paxos Trust Company will be able to trade and guard bitcoin, ethereum, bitcoin cash and litecoin.

The firm reported that this service was currently available only to its advisers in the United States, but it planned to enable cryptocurrency trading for all of its clients globally in the future.

“The allocation of a small percentage of assets to cryptocurrencies as part of a well-diversified portfolio has become increasingly common, and advisers may want to recommend cryptocurrencies to their clients,” said the executive vice president of marketing and development of Interactive Brokers products, Steve Sanders.

Based in the US, Interactive Brokers falls under the purview of regulators such as the Securities and Exchange Commission and the Financial Industry Regulatory Authority. As of October 1st, the company declared 1.54 million customer accounts with $ 353.8 million in assets.

K. Tovar

Source: Businesswire

La entrada Interactive Brokers includes cryptocurrency service to its clients apareció primero en Bitfinance.

The American trading company Interactive Brokers announced that in the coming months its users will count on the option to carry on transactions using cryptocurrencies.

Founder Thomas Peterffy spoke at the Piper Sandler Global Exchange & FinTech Conference about his company’s plans to fully enter this market.

“Customers are certainly asking for this and we hope to be ready to offer it to them by the end of the summer“, said the American businessman.

Interactive Brokers offers traders a wide variety of assets in addition to currencies, including stocks, options, futures, bonds and funds, according to its website. As of 2019, its equity value totaled nearly $ 8 billion.

The announcement coincides with the latest chapter in bitcoin’s evolution towards a mainstream asset class, courtesy of El Salvador’s pioneering legal currency movement.

K. Tovar

Source: Cointelegraph

La entrada Interactive Brokers will bet on the use of cryptocurrencies apareció primero en Bitfinance.