Interactive Brokers Adds SOL, XRP, ADA, DOGE to Its Crypto Trading Options

Interactive Brokers, one of the largest brokerage firms in the world, has broadened its cryptocurrency trading services by incorporating four additional digital assets: Solana (SOL), Cardano (ADA), Ripple (XRP), and Dogecoin (DOGE).

The addition of these tokens expands Interactive Brokers’ existing crypto offerings, which already included Bitcoin (BTC), Ether (ETH), Litecoin (LTC), and Bitcoin Cash (BCH), according to the company’s March 26 press release.

This expansion allows eligible clients of Interactive Brokers LLC and Interactive Brokers (U.K.) Limited to trade a wider selection of popular digital currencies alongside traditional financial instruments such as stocks, options, futures, and bonds, all within a single platform.

According to Steve Sanders, Executive Vice President of Marketing and Product Development at Interactive Brokers, the expansion seeks to enhance portfolio diversification and capitalize on emerging opportunities within the digital asset space.

“Adding these new tokens gives our clients even more flexibility to diversify their portfolios and take advantage of opportunities across digital assets,” Sanders stated.

Interactive Brokers enables clients to manage their cryptocurrency positions alongside their other investments. Investors can establish spot cryptocurrency positions and use crypto futures, options, and exchange-traded funds (ETFs) to hedge their exposure.

Clients can also hold both US dollars and cryptocurrencies within their crypto trading accounts, trade digital assets 24/7, place non-marketable limit orders for greater control over execution, and withdraw cryptocurrencies to external wallets.

Interactive Brokers advertises some of the lowest cryptocurrency trading costs in the industry, with commissions ranging from 0.12% to 0.18% of trade value, subject to a minimum of $1.75 per order.

According to the company’s website, Interactive Brokers does not impose added spreads, markups, or custody fees.

To ensure regulatory compliance, Interactive Brokers works with Zero Hash LLC and Paxos Trust Company. Zero Hash is a FinCEN-registered Money Service Business with licenses across multiple US jurisdictions, including a New York BitLicense. Paxos Trust Company is supervised by the New York Department of Financial Services.

The change in TradFi’s perspective, from initial skepticism to active exploration of crypto’s technological and financial solutions, sparked optimism that their participation could accelerate the industry’s growth and broader adoption.

Earlier this month, Emirates NBD, a leading banking group in Dubai, announced it would begin offering crypto trading services, including Bitcoin, Ether, Solana, XRP, and Cardano, through collaborations with Aquanow and Zodia Custody.

Similarly, in late February, Boerse Stuttgart Digital, the digital asset division of Germany’s Boerse Stuttgart stock exchange, facilitated DekaBank’s entry into cryptocurrency trading for institutional clients, providing its regulated infrastructure to support the offering.

In the same month, Deutsche Bank-backed Taurus launched a Solana-based custody and tokenization platform, enabling banks to issue and manage digital assets.

The post Interactive Brokers Adds SOL, XRP, ADA, DOGE to Its Crypto Trading Options appeared first on Cryptonews.