Interactive Brokers launches cryptocurrency staking
Electronic trading major Interactive Brokers Group Inc (NASDAQ:IBKR) today announced the launch of cryptocurrency staking for eligible clients, enabling them to earn rewards on supported digital assets while managing their crypto alongside stocks, options, futures, and more on IBKR’s unified platform.
Staking services are provided by zerohash.
At launch, eligible Interactive Brokers LLC clients can stake Ethereum through the Staking Dashboard in IBKR’s Client Portal, where they can submit stake or unstake requests and monitor pending activity. Rewards, when earned, are credited as additional staked cryptocurrency and can compound while the position remains staked.
“Similar to how our Stock Yield Enhancement Program allows clients to earn additional income on shares they own, staking gives clients an opportunity to earn rewards on the cryptocurrency they own,” said Milan Galik, Chief Executive Officer of Interactive Brokers. “We want clients to earn more from the assets they hold.”
Clients of Interactive Brokers can trade 20 supported digital assets: Aave, Aptos, Avalanche, Bitcoin, Bitcoin Cash, Canton, Cardano, Chainlink, Dogecoin, Ethereum, Lido DAO, Litecoin, Monad, NEAR Protocol, Pax Gold, Plasma, Ripple, Solana, Sui and Uniswap.
Interactive Brokers supports stablecoin funding, enabling clients to fund accounts and transfer assets to external destinations, including personal cryptocurrency wallets, using USDC, RLUSD and PYUSD.
Eligible clients can send and receive supported digital assets to and from both custodial and non-custodial wallets.
Clients can access cryptocurrency and trade alongside a broad range of financial assets including stocks, options, futures, bonds, funds and prediction markets. There are no separate apps and no need to switch between platforms.
