Interactive Brokers, a well-known brokerage firm, announced the addition of four new crypto assets to its platform, including XRP, ADA, SOL, and DOGE.
Expansion of Crypto Platform
Interactive Brokers, a recognized brokerage firm with nearly three million clients worldwide, added new cryptocurrencies: Ripple (XRP), Cardano (ADA), Solana (SOL), and Dogecoin (DOGE). Steve Sanders, Executive Vice President of Marketing and Product Development at Interactive Brokers, noted that adding new tokens provides their clients with more possibilities to diversify portfolios.
Market Reaction
Despite support from Interactive Brokers, the prices of added cryptocurrencies did not see any gains. Over the past 24 hours, Ripple's XRP has shown a 4% decline, while ADA, SOL, and DOGE also declined in price. All these changes coincide with the overall correction of the crypto market during this period.
Recent Developments Around XRP
Last week, Ripple experienced a short-lived price spike after the company's CEO, Brad Garlinghouse, announced the end of the SEC's appeal against the company, signaling the conclusion of a long legal battle. Additionally, Chief Legal Officer Stuart Alderoty stated the company will withdraw its cross-appeal and agree to a fine of $50 million.
The addition of new cryptocurrencies on the Interactive Brokers platform represents a significant step in expanding trading opportunities, but its impact on the market is not yet visible.
