Interactive Brokers Launches Cryptocurrency Trading in the UK

Cryptocurrency Trading Launch

Interactive Brokers, a leading global electronic broker, has expanded its platform to include cryptocurrency trading in the United Kingdom. This new capability allows both individual and institutional clients to trade popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. This addition complements the wide range of investment products available through Interactive Brokers, creating a seamless experience for clients.

Unified Trading Platform

Clients of Interactive Brokers (U.K.) Limited can now manage both their securities brokerage and crypto accounts through a single platform. This unified view facilitates centralized cash management, enabling users to trade cryptocurrencies alongside stocks, options, futures, and more from one screen. This integration streamlines the trading process, eliminating the need for multiple platforms and allowing financial advisers to efficiently manage and diversify portfolios.

Competitive Trading Features

Cryptocurrencies on the Interactive Brokers platform are denominated in USD. Clients can convert GBP or other currencies to USD with minimal spreads, enhancing trading efficiency. The platform offers competitive cryptocurrency commissions ranging from 0.12% to 0.18% of trade value, with a minimum of USD 1.75 per order. Moreover, clients benefit from no added spreads, markups, or custody fees, making it cost-effective to engage in crypto trading.

Regulatory and Security Measures

Interactive Brokers (U.K.) Limited is registered as a crypto assets firm with the Financial Conduct Authority. However, it is important to note that crypto assets are unregulated in the UK. The platform's exchange and custody services are provided by Paxos Trust Company, ensuring secure and compliant operations.

This strategic move by Interactive Brokers enhances flexibility for UK clients, enabling them to diversify their investments across traditional and digital asset classes, thus broadening their market exposure.