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Interactive Brokers U.K. Limited (IBUK) has now launched the trading of cryptocurrencies for its UK clients. Its investors now have a chance to trade Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, together with traditional assets like equities, ETFs, and bonds, in one integrated account. This greatly enhances the flexibility of investment.
The new service features competitive crypto trading commissions of 0.12% to 0.18% depending on volumes traded per month. Impressively, investors will not pay any custody fees, improving the attractiveness of the service. This is part of an ongoing strategy by Interactive Brokers, in line with its incorporation of cryptocurrency options that span the globe.
With assets amounting to $128.42 billion and a projected revenue of $4.34 billion for 2023, Interactive Brokers is really shaping up as a gargantuan force in the electronic trading space. This could change dramatically the adoption and dynamics in the cryptocurrency market for the U.K.
