Interactive Brokers, a leading online broker with offices in Connecticut, is launching a cryptocurrency trading service for US financial advisors. The new platform will allow advisors to trade and manage digital currency accounts for their clients.

Benefits 

The new service is set to bring numerous benefits to both financial advisors and their customers.

  • Improved trading opportunities: The new platform will allow advisors to take advantage of the increasing cryptocurrency opportunities without the need to invest in the asset themselves.
  • Better accessibility: Advisors will now have access to a consolidated cryptocurrency dashboard with risk management tools, customizable portfolio allocation, and real-time updates to keep abreast of the markets.
  • Lower fees: With a one-off trade fee of 0.5 basis points, the service promises to be more cost effective than existing options.

Security 

The new platform is powered by the company’s proprietary technology, which is designed to promote the highest level of security with multi-factor authentication and other security measures. Moreover, the company will be offering cold storage options for customers who wish to safeguard their assets.

Availability 

The service is currently only available to US financial advisors. However, the company has indicated that it intends to expand the service to other markets in the near future.

Conclusion

Interactive Brokers’ new cryptocurrency trading platform is set to revolutionize the way financial advisors manage digital currency accounts. With improved trading opportunities, better accessibility, and lower fees, the platform is sure to be popular among financial advisors and their customers.