Interactive Brokers expands its altcoin offerings, including Solana, Cardano, XRP, and Dogecoin, doubling its crypto trading options.
New Cryptocurrencies on the Platform
According to a March 26 announcement, Interactive Brokers has added Solana (SOL), Cardano (ADA), XRP, and Dogecoin (DOGE) for trading. These four coins collectively have a market capitalization of $267.2 billion.
Competition and Fees
Interactive Brokers promises low transaction fees — 0.12% to 0.18% per transaction value with a minimum of $1.75 per trade. However, the brokerage faces competition from exchanges offering 'pro' platforms with similar charges.
Crypto Market and Regulation
The expansion of crypto offerings by companies comes amid a broader shift toward collaboration rather than suppression by nation-states. The EU's MiCA regulation provides clearer guidelines, while the US is working on stablecoin and market structure legislation.
The expansion of Interactive Brokers' crypto offerings reflects a global trend towards greater interest in digital assets and their integration into traditional financial systems.
