{"id":44072,"date":"2021-06-09T18:47:56","date_gmt":"2021-06-09T15:47:56","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=44072"},"modified":"2025-08-31T15:18:55","modified_gmt":"2025-08-31T12:18:55","slug":"interactive-brokers-to-launch-cryptocurrency-trading","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/interactive-brokers-to-launch-cryptocurrency-trading\/","title":{"rendered":"Interactive Brokers to launch cryptocurrency trading"},"content":{"rendered":"

By the end of the summer of 2021, Interactive Brokers clients will be able to trade cryptocurrencies on the broker’s platform, CNBC<\/a> reports.<\/p>\n

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“We have been asked for this, and we will fulfil this wish by the end of the summer”<\/em>, said Thomas Peterffy, the company’s founder and CEO.<\/p>\n<\/blockquote>\n

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Currently, the broker offers trading of bitcoin futures on the CME<\/span>.<\/p>\n

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CNBC sees the move as lowering the entry barrier to the crypto market for retail investors. The move will also heighten competition for Coinbase.<\/p>\n

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The publication notes the risks of this new line of business for the broker, given regulatory uncertainty surrounding the status of coins.<\/p>\n

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According to Peterffy, a challenge for the company will be ensuring 100% safekeeping of client assets.<\/p>\n

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As of the end of Q1 2021, Interactive Brokers had opened 1.33 million accounts, with clients entrusting the broker a total of $330.6 billion.<\/p>\n

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Brian Armstrong, co-founder and CEO of Coinbase, doubted<\/a> the prospect of reducing trading fees even in the mid-term.<\/p>\n

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In May, Goldman Sachs issued<\/a> a ‘Buy’ rating on the shares of the largest US bitcoin exchange. According to their calculations, the target price for the shares is $306 (as of the close on June 8, the shares were trading at $220.66).<\/p>\n

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Earlier, David Trainer, head of New Constructs, predicted<\/a> a 98% decline in Coinbase’s profitability as competition intensifies. A specialist valued the cryptocurrency exchange’s fair market capitalization at $18.9 billion. Messari researchers pegged<\/a> this figure at $28 billion.<\/p>\n

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Subscribe to ForkLog news on Telegram: ForkLog Feed<\/a> \u2014 the full news feed, ForkLog<\/a> \u2014 the most important news, infographics and opinions<\/p>\n","protected":false},"excerpt":{"rendered":"

By the end of summer 2021, Interactive Brokers clients will be able to trade cryptocurrencies on the broker’s platform, CNBC reports.<\/p>\n","protected":false},"author":1,"featured_media":44073,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,138,1269,1267,1733,26],"class_list":["post-44072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-coinbase","tag-cryptocurrencies","tag-cryptocurrency-trading","tag-interactive-brokers","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/44072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=44072"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/44072\/revisions"}],"predecessor-version":[{"id":44074,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/44072\/revisions\/44074"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/44073"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=44072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=44072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=44072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}