- Interactive Brokers has added XRP, Solana, and Dogecoin to its expanding crypto trading platform following earlier Bitcoin support.
- The firm started offering crypto trading in September 2021, initially supporting only Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.
Interactive Brokers, a major U.S.-based brokerage firm, has officially added XRP to its cryptocurrency trading platform. The decision was confirmed in a statement released on Tuesday, which also included the addition of Solana (SOL) and Dogecoin (DOGE) to its list of supported tokens.
The brokerage, based in Greenwich, Connecticut, began offering crypto trading in September 2021. At that time, the platform only supported Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC). The expansion into other digital assets marks a measured response to growing client demand, despite earlier skepticism expressed by its founder.
In October 2021, Interactive Brokers extended crypto services to financial advisors, allowing them to trade on behalf of clients. The service was made possible through a partnership with Paxos, a blockchain infrastructure provider. Since then, crypto offerings have expanded gradually, with the firm continuing to weigh demand against perceived risk.
Thomas Peterffy, the firm’s founder and current largest shareholder, has expressed varying views on cryptocurrencies. In early 2023, he referred to crypto activity on the platform as “very very slow” and described cryptocurrencies as worthless. Still, he admitted holding some crypto assets based on market sentiment rather than intrinsic belief.
By the end of 2024, Peterffy adjusted his position. He publicly recommended owning Bitcoin, suggesting investors could consider allocating up to 3% of their portfolio to it. However, he warned against going above 10%, citing the market’s high volatility. While no longer CEO, Peterffy continues to influence the firm’s strategy and public messaging.
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