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U.S. Brokerage Firm Interactive Brokers Planning To Launch Crypto Trading Services

U.S. Brokerage Firm Interactive Brokers Planning To Launch Crypto Trading Services


Thomas Peterffy, Chairman and CEO of American multinational brokerage firm Interactive Brokers revealed on Wednesday (June 9) that his firm intends to introduce crypto trading services on its platform by the end of the summer.

The firm, which was founded in 1978 and is headquartered in Greenwich, Connecticut, “operates the largest electronic trading platform in the U.S. by number of daily average revenue trades”. Here are a few of the awards the hugely popular brokerage firm has won in the last couple of years:

According to a report by CNBC, Peterffy said at the Piper Sandler Global Exchange & FinTech Conference:

Customers certainly are asking for [crypto trading] and we expect to be ready to offer it to them by the end of the summer.




He went on to say:

As for hurdles, the greatest hurdle is how do you keep you customers 100% safe. How do you make it 100% sure that no one will steal their coins in spite of the fact that they are untraceable. We will find out more about this when we open for business at the end of the summer.

DISCLAIMER

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

IMAGE CREDIT

Photo by “WorldSpectrum” via Pixabay



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