Interactive Brokers announced the launch of cryptocurrency trading in the United Kingdom as a new addition to its platform. Individual and institutional investor clients of Interactive Brokers (U.K.) Limited (IBUK), including financial advisers, can now trade crypto assets such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) alongside the broad range of investment products available through Interactive Brokers from a single unified platform. Eligible clients of IBUK can transact and view balances through a single platform that provides a unified view of their IBUK securities brokerage account and their crypto account at Paxos Trust Company.

Clients benefit from the convenience of centralized cash management and can trade BTC, ETH, LTC and BCH plus stocks, options, futures, currencies, bonds, mutual funds, ETFs, and more from a single screen. This eliminates the need for investors to trade through different trading platforms and allows financial advisers to efficiently manage portfolios and allocate a percentage of client assets to cryptocurrency. Cryptocurrencies are denominated in USD on Interactive Brokers?

platform, and clients can convert GBP (or other currencies) to USD with spreads as tight as 1/10 of a PIP. As with any product on the Interactive Brokers platform that is denominated in a currency different than the currencies a client holds in their account at the time: clients with cash accounts can also take advantage of FX auto-conversion of their GBP or other currency balances, while, clients with margin accounts can either automatically borrow USD (or whatever currency is needed to trade the product they want to purchase) or can choose to convert currencies at Interactive Brokers? highly competitive rates.