Paxos and Interactive Brokers enabled crypto trading for institutions

Paxos and Interactive Brokers enabled crypto trading for institutions
фото показано с : invezz.com

2021-9-17 15:02

According to a recent press release, Interactive Brokers just teamed up with Paxos to bring crypto trading and custody services for institutional investors. The announcement says that, initially, the companies will support four of the largest cryptos. That includes the likes of Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.

Interactive Brokers’ clients finally get access to crypto trading

In order to bring new services to its clients, global brokerage organization, Interactive Brokers, teamed up with Paxos Trust Company, which acts as a blockchain infrastructure platform. The two came up with a new product that includes trading the four of the largest cryptocurrencies mentioned earlier.

The trading commissions will range between 0.12% and 0.18%, depending on the monthly volume. The clients will now also be able to use the new offering, with a minimum per order being only $1.75.

The brokerage firm’s CEO; Milan Galik, stated that the main reason behind the launch of the digital asset-supporting service is growing interest among institutional clients. Demand for similar services has been growing throughout the trading industry, as institutions around the world are seeking exposure to crypto. As for Paxos’ CEO, Charles Cascarilla, he praised the new partnership, stating that the new crypto opportunity could be highly beneficial for the clients of both companies.

After all, Paxos is offering regulated blockchain infrastructure to make sure that enterprises will be able to provide safety and reduced risk.

Interactive brokers has been planning to launch a crypto-related service since early June of this year when it promised that something of this type will be coming. The firm’s chairman, Thomas Peterffy, even noted that crypto trading should be enabled by the end of the summer, which proved to be a very precise assessment at the time.

He also confirmed that customers are continuously asking for crypto trading, and is undoubtedly glad that the company can now satisfy that demand.

The post Paxos and Interactive Brokers enabled crypto trading for institutions appeared first on Invezz.

origin »

Open Trading Network (OTN) на Currencies.ru

$ 0 (+0.67%)
Объем 24H $0
Изменеия 24h: 1.44 %, 7d: 12.76 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0064948 (-100%)

trading paxos crypto interactive brokers initially announcement

Источник: invezz.com

trading paxos → Результатов: 70


Binance’s NYDFS Approved USD-Backed Stablecoin ‘BUSD’ Gives Users A Zero Fee Trading Option

The top crypto exchange highlights the Binance USD backed stablecoin (BUSD) being approved by New York’s State Department of Financial Services (NYDFS). Although it has been approved since launching in partnership with Paxos, this is a reminder to traders that during volatile swings in prices, there is a zero-fee option to jump out of Bitcoin […]

2020-1-7 16:44


Galaxy Digital, Paxos и Genesis Trading подготовили проект кодекса для биткоин-индустрии

Ассоциация цифровых рыночных активов (ADAM), в число учредителей которой входят криптобанк Galaxy Digital, внебиржевой сервис Genesis Global Trading и блокчейн-стартап Paxos, завершила работу над черновым вариантом этического кодекса для криптовалютного рынка.

2019-11-13 17:49


Bitfinex announces three new stablecoin pairs pegged to USDT

On August 27, 2019, the controversy-riddled digital exchange, Bitfinex, announced that it had added support for three new stablecoin trading pairs. The same was announced by the exchange’s Twitter handle which read, Three new stablecoin pairs are now available on Bitfinex! Trading on USD Coin to Tether (USDc/USDt), Paxos Standard to Tether (PAX/USDt) and TrueUSD […] The post Bitfinex announces three new stablecoin pairs pegged to USDT appeared first on AMBCrypto.

2019-8-28 02:30


Stablecoin PAX Garners $10 Billion in Transactional Volume to remain at the Top of Trading Charts

In September 2018, a New York blockchain startup, Paxos Trust Company successfully launched the PAX token. The token has a complete 1:1 surety with the U.S. dollar; as such it offers a liquid digital option to cash and is available round the clock for immediate transactions and redemptions. Four months since its launch, PAX has […]

2019-2-2 01:25


Игра монет: битва скидок стейблкойнов Paxos-Gemini

Характерной особенностью второй половины 2018 года стало увеличение количества стабильных монет (стейблкойнов), но реальность такова, что отчасти этот рост был обусловлен эксклюзивными скидками. Чаще всего стоимость обеспеченных долларом стейблкойнов составляет $1, будь то Gemini GUSD или Paxos PAX.

2019-1-16 16:56


Фото:

Galaxy Digital, Paxos и другие проекты создадут регулятивные нормы для криптосферы

Ориентированные на криптовалюты и финансовые услуги компании сформировали «Ассоциацию цифровых рыночных активов» (ADAM) для разработки правил поведения в криптоиндустрии. Об этом сообщает CoinDesk.

2018-11-28 14:12


Galaxy Digital, Paxos и Genesis Trading создали ассоциацию для разработки правил в биткоин-индустрии

Десять крупных компаний сформировали ассоциацию для разработки правил поведения в криптоиндустрии. В числе учредителей новой организации: Galaxy Digital, Genesis Global Trading, GSR, Hudson River Trading, Paxos, Symbiont, BitOoda Technologies, BTIG, Cumberland и XBTO.

2018-11-28 13:47


Фото:

Huobi Joins OKEx in Adding Four New Stablecoins

Huobi Global has announced its decision to list four USD-pegged stablecoins by the end of the week. In a support notice published on its platform, the company noted that users will be able to make deposits for Paxos Standard Token (PAX), True USD (TUSD), Circle’s (USDC), and Gemini exchange’s (GUSD) on its exchange starting from Friday, October 19, 2018 (GMT +8).

2018-10-17 21:15


Криптобиржа OKEx провела листинг четырех стейблкоинов

Криптовалютная биржа OKEx добавила поддержку четырех стейблкоинов: TrueUSD (TUSD), Gemini Dollar (GUSD), USD Coin (USDC) и Paxos Standard Token (PAX). We're excited to announce the 4 new listings of OKEx.

2018-10-16 23:02


Биржа OKEx добавила поддержку четырех стейблкоинов

Третья по объемам торгов биткоин-биржа OKEx сообщила в понедельник, 15 октября, о начале поддержке сразу четырех стейблкоинов: TrueUSD (TUSD), USD Coin (USDC), Gemini Dollar (GUSD) и Paxos Standard Token (PAX).

2018-10-15 13:47


дальше еще 21 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Nearly $1b liquidated as crypto suffers amid DeepSeek AI news

Cryptocurrencies remain under significant sell-off pressure following a market shakeout driven by investor reactions to DeepSeek AI news. As Bitcoin (BTC) fell below $100,000 and altcoins turned red amid a tech stock bloodbath, the crypto market experienced massive liquidations. According…

Spot Bitcoin ETFs are ‘quietly on fire’, expert says

U.S. spot bitcoin exchange-traded funds have started the year on a strong note, according to Bloomberg senior ETF analyst Eric Balchunas. It has been slightly over a year since the Securities and Exchange Commission approved the launch of spot Bitcoin…

RedStone introduces CLARA, a communication layer for AI agents

RedStone, a modular blockchain oracle platform and restaking protocol, has announced CLARA, a new solution aimed at the artificial intelligence market’s agent-based projects. As a communication layer for AI agents, CLARA provides an infrastructure system designed to solve one of…