Interactive Brokers Group has introduced cryptocurrency trading for Registered Investment Advisors (RIAs) in the US. The new service allows RIAs to trade and custody Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) via Paxos Trust Company on behalf of clients.
RIAs can now manage their client’s positions in stocks, options, futures, bonds, mutual funds and ETFs, but in cryptocurrency, as well. They can do all of that on a single platform with customizable reports.
Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers, said:
Steven Sanders
Source: LinkedIn
Allocating a small percentage of assets to cryptocurrency as part of a well-diversified portfolio has steadily become more commonplace, and advisors may wish to recommend cryptocurrency to their clients. Adding cryptocurrency trading underscores our ongoing dedication to providing advisors with the investment products and tools they need to successfully manage client portfolios and grow their businesses.
