Interactive Brokers Expands Crypto Roster with Four Major Altcoins
Interactive Brokers has expanded its cryptocurrency offerings by adding Solana (SOL), Cardano (ADA), XRP, and Dogecoin (DOGE) to its platform, according to a March 26 announcement. The four assets, with a combined market cap exceeding $267 billion, now join Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) on the firm’s growing crypto roster. The move marks a continued push by the global brokerage, which reported $9.3 billion in revenue in 2024, to provide more diversified digital asset exposure to its users.
Trading Powered by Paxos and Zero Hash
Interactive Brokers will offer trading and custody services for the newly listed tokens via Paxos Trust and Zero Hash. Zero Hash, which processed $20 billion in transactions across 200 countries as of June 2024, plays a key role in powering back-end crypto infrastructure for brokerages, fintech's, and institutions. The addition of these altcoins doubles the platform’s crypto support, first introduced in 2021 with the launch of BTC, ETH, LTC, and BCH pairs.
Low Fees and Rising Competition
To attract traders in a highly competitive market, Interactive Brokers is offering transaction fees ranging from 0.12% to 0.18%, with a minimum fee of $1.75 per trade. Still, the brokerage faces stiff competition from dedicated crypto exchanges that offer similar pricing and more advanced “pro” platforms tailored to high-volume traders.
Institutions Expand Crypto Offerings
Interactive Brokers' update comes just a day after Nubank added ADA, Near Protocol, Cosmos, and Algorand for its 100+ million users in Latin America. Meanwhile, Kraken continues to add memecoins, and Binance has implemented a community voting system to determine which tokens are listed or removed from its platform. These moves highlight the increasing institutional interest in crypto, despite broader market volatility and macroeconomic concerns.
A Shifting Regulatory Landscape
The expansion of crypto trading options coincides with greater regulatory clarity across key global markets:
- In the EU, MiCA regulation provides a framework for crypto companies.
- In the U.S., the SEC has dropped several enforcement cases, and Congress is actively drafting legislation on stablecoins and crypto market structure.
- The government is also exploring stablecoins to preserve the dollar’s global dominance.
Despite short-term turbulence triggered by tariff uncertainty and recession fears, institutional confidence remains strong. Since January, Bitcoin ETFs have drawn $36 billion in net inflows, according to SoSoValue.
