Interactive Brokers adds crypto tokens and stablecoin withdrawals

Interactive Brokers adds crypto tokens and stablecoin withdrawals

The brokerage expanded digital-asset services through Zero Hash and Paxos, adding nine tokens including Aptos and letting eligible clients convert U.S. dollar balances into USDC, PayPal USD or Ripple USD for wallet transfers.

USDC
UNI
NEAR

Summary

Interactive Brokers expanded its digital-asset offering by adding nine crypto tokens through Zero Hash and enabling stablecoin withdrawals for eligible clients. The July 14 rollout included Aptos, Aave, Lido DAO, NEAR Protocol and Uniswap, alongside Canton, Monad, PAX Gold and Plasma, while Aave, Uniswap and PAX Gold are also available through Paxos Trust Company. The new withdrawal feature lets clients convert U.S. dollar balances into USDC, PayPal USD or Ripple USD and send them to supported external wallets around the clock, extending the stablecoin deposit capability launched in January. Crypto commissions range from 0.12% to 0.18% of trade value with a $1.75 minimum per order, and Interactive Brokers said it does not charge additional spreads, markups or custody fees.

Terms & Concepts
  • stablecoin withdrawals: A service that converts cash balances into fiat-pegged tokens and transfers them to external crypto wallets.
  • Aptos: A Layer 1 blockchain network whose native token is APT.
  • PAX Gold: A digital token intended to track the value of gold.