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OFFON

INTERACTIVE BROKERS GROUP, INC.

(IBKR)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe BZX - 10/19 05:02:00 pm
71.865 USD   +0.34%
04:50pINSIDER SELL : Interactive Brokers Group
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04:12pINTERACTIVE BROKERS : Q3 Adjusted EPS Rises, Revenue Declines
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04:11pINTERACTIVE BROKERS : ANNOUNCES 3Q2021 RESULTS - Form 8-K
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Interactive Brokers : launches cryptocurrency trading

09/13/2021 | 03:51pm EDT

NEW YORK, Sept 13 (Reuters) - Interactive Brokers Group on Monday said it launched low-fee cryptocurrency trading on its platform, making it the latest online retail brokerage to add digital assets to its offerings.

U.S. clients of the brokerage will now be able to trade and custody bitcoin, ethereum, litecoin and bitcoin cash alongside stocks, options, futures, bonds, mutual funds and exchange-traded funds, the company said.

"As financial markets evolve, sophisticated individual and institutional investors are increasingly seeking out allocations to digital currencies as a means of achieving their financial objectives," said Chief Executive Officer Milan Galik.

Chairman Thomas Peterffy said in June that Interactive Brokers, which caters to active traders and sophisticated investors, would launch trading in cryptocurrencies by the end of the summer as the nascent asset class becomes more mainstream.

Other brokers, including Robinhood Markets Inc and TradeStation also provide cryptocurrency trading, while Charles Schwab Corp and Fidelity currently offer access to bitcoin futures.

Crypto-trading commissions at Interactive Brokers will be 0.12% to 0.18% of trade value, depending on monthly volume, with no added spreads, markups, or custody fees, the New York-based company said.

Interactive Brokers said it partnered with Paxos Trust Company, a regulated provider of cryptocurrency services that also works with companies like PayPal on digital asset trading, to enable the new service. (Reporting by John McCrank Editing by Marguerita Choy)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
INTERACTIVE BROKERS GROUP, INC. 2.95% 73.73 Delayed Quote.17.56%
ROBINHOOD MARKETS, INC. 2.58% 41.7 Delayed Quote.0.00%
All news about INTERACTIVE BROKERS GROUP, INC.
04:50pINSIDER SELL : Interactive Brokers Group
MT
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MT
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04:05pINTERACTIVE BROKERS : Earnings Flash (IBKR) INTERACTIVE BROKERS GROUP Reports Q3 Revenue $..
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Financials (USD)
Sales 2021 2 809 M - -
Net income 2021 339 M - -
Net Debt 2021 - - -
P/E ratio 2021 20,8x
Yield 2021 0,56%
Capitalization 7 236 M 7 236 M -
Capi. / Sales 2021 2,58x
Capi. / Sales 2022 2,69x
Nbr of Employees 2 429
Free-Float 74,7%
Chart INTERACTIVE BROKERS GROUP, INC.
Duration : Period :
Interactive Brokers Group, Inc. Technical Analysis Chart | IBKR | US45841N1072 | MarketScreener
Technical analysis trends INTERACTIVE BROKERS GROUP, INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Last Close Price 71,62 $
Average target price 80,80 $
Spread / Average Target 12,8%
EPS Revisions
Managers and Directors
Milan Galik President, Chief Executive Officer & Director
Paul Jonathan Brody CFO, Secretary, Treasurer & Director
Thomas Pechy Peterffy Chairman
Thomas A. Frank Chief Information Officer & Executive VP
Lawrence E. Harris Lead Independent Director
Sector and Competitors