Interactive Brokers Adds Solana (SOL), Cardano (ADA), Ripple (XRP), and Dogecoin (DOGE) to Its Trading Platform

Interactive Brokers has included four new cryptocurrencies in its trading platform. The latest additions are Solana (SOL), Cardano (ADA), Ripple (XRP), and Dogecoin (DOGE), further expanding the range of digital assets available to clients.

According to the company, this latest expansion increases the range of available cryptocurrencies, enabling clients to diversify their portfolios with some of the most actively traded tokens in the market.

Those who have an account at Zero Hash LLC will have access to the newly introduced tokens, while SOL is also accessible to those who have an account at Paxos Trust Company.

“Adding these new tokens gives our clients even more flexibility to diversify their portfolios and take advantage of opportunities across digital assets,” said Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers.

“Combined with our low-cost structure and powerful trading tools, this expansion reflects our ongoing commitment to offering clients a comprehensive and efficient trading experience.”

Cryptocurrency trading through Interactive Brokers is available to eligible clients in the US and UK, with access varying by region. Investors can manage crypto holdings alongside stocks, options, futures, and bonds on the same platform.

Commissions for the new offering start from 0.12% to 0.18% of trade value, or a minimum of $1.75 per order.

Earlier this month, Interactive Brokers Group reported a stellar performance in the fourth quarter of 2023, with a significant increase in Daily Average Revenue Trades (DARTs) and a substantial addition to client accounts.

The company's DARTs surged 48% year-over-year to 3.617 million, marking a 4% rise from January. Client accounts also experienced a triple-digit growth of 32% from the prior year and a 3% increase from the previous month, reaching 3.54 million.

Known for its diverse financial offerings, Interactive Brokers provides access to a wide range of products, including stocks, options, futures, currencies, bonds, and funds, in addition to its services in various asset classes.