Interactive Brokers is giving U.S. advisors management capabilities for four cryptocurrencies, according to an announcement. The offering, intended for RIAs, includes trading and custody of Bitcoin, Ethereum, Litecoin and Bitcoin Cash. The digital assets will be custodied with Paxos Trust Company.
The addition of crypto capabilities for the more than 5,700 RIA clients at Interactive Brokers is another sign pointing to increasing demand for technology to service digital assets among advisors. In addition to trading and custodial advances for RIAs, Interactive Brokers is offering client relationship and portfolio management, as well as access to the firm’s portfolio analysis tool that peers into clients’ held away assets. Billing, compliance and website-building services are also included.
Cryptocurrency allocations have “steadily become more commonplace,” said Steve Sanders, executive vice president of marketing and product development at Interactive Brokers. The first four digital currencies were selected because they were “well-known cryptocurrencies,” he explained. Interactive Brokers adds products and services and evaluates the demand for them afterward, so it’s possible additional cryptocurrencies will be added in the future.
For now, the firm is charging a minimum of $1.75 per order for each crypto transaction. The commission varies thereafter, depending on volume, and ranges from 12 to 18 basis points of trade value, according to the announcement.
Amid the fervor of debuts for crypto futures ETFs, Interactive Brokers joins a growing list of advisor tech vendors providing crypto transparency or trading capabilities.
MassMutual’s Flourish launched its Flourish Crypto management and trading platform in September. It currently only supports Bitcoin, with plans to add Ethereum “in the next few months,” according to Ben Cruikshank, head of Flourish.
Crypto investment firm Eaglebrook Advisors runs separately managed accounts for client-held crypto. It supports trading for Bitcoin, Ethereum and 16 other digital currencies that it doesn’t disclose, citing their proprietary mix.
This means, you take one article, and you use the article distribution system. It will generate thousands of unique versions of your article, and publish those unique articles to hundreds of websites that are related to your niche.
Take a look at our comprehensive guide to the best and most popular information ebooks and products available today on Detoxing, Colon Cleansing, Weight Loss and Dating and Romance. They are all in one spot, easy to find and compere to make a quick selection for the product that best fits your needs or wants.
So browse through a category and make your preferred selection and come back here to read more choice articles and get a few more helpful tips on ways to help your enhancement.
As an Amazon Associate I earn from qualifying purchases. “saubiosaubiosuccess.com is a participant in third party affiliate and advertising programs; The Amazon Services LLC Associates Program, Awin network, and other affiliate advertising programs are designed to provide a means for sites to earn advertising fees and commissions by advertising and linking to products on other sites and on Amazon.com. Amazon and the Amazon logo are trademarks of Amazon.com, Inc, or its affiliates.”
We use anonymous cookies and various 3rd-party services to optimise and to offer you a better, more personalised, browsing experience with advanced accessibility enhancements.
Dismiss
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
