Interactive Brokers financial advisors will now be able to recommend cryptocurrencies to their clients.
Brokerage firm Interactive Brokers Group announced that its registered investment advisors will now be able to trade and store Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) on behalf of its clients using Paxos Trust Company.
For now, the service will be available only to US advisors, but the company plans to expand it to global clients.
Vice President of Marketing and Product Development at Interactive Brokers said:
The strategy of placing a small percentage of your portfolio in cryptocurrencies is becoming increasingly popular. Many investment advisors would like to be able to offer cryptocurrencies to their clients.
Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies
According to cointelegraph.com
You May Also Like
Public company Mogo bought 146 ETH
Nasdaq-listed Canadian fintech company Mogo continues to invest in cryptocurrencies.
Bitmain is looking for another billion
China's largest mining company Bitmain Technologies is seeking to raise $1 billion in a private pre-IPO funding round, according to a Financial Times report on Wednesday.
