U.S. foreign exchange company Interactive Brokers will offer direct cryptocurrency trading to its users within months, a report added.
While speaking at the Piper Sandler Global Exchange & FinTech Conference on 9th June, founder Thomas Peterffy outlined that the firm had opted to enter the cryptocurrency market.
Demand fuels latest cryptocurrency uptake – As quoted by CNBC, Peterffy hinted that client demand had been a serious driver of the choice.
“Users certainly are posing for [crypto trading] and we expect to be able to offer it to them by the end of the summer,” he outlined.
Interactive Brokers offers traders a wide range of assets additionally to currencies, these included stocks, options, futures, bonds, and funds, consistent with its website. As of 2019, its equity value summed almost $8 Bln.
The entire cryptocurrency will presumably feature Bitcoin [BTC] first and foremost, with Peterffy nonetheless not naming specific tokens.
“As for hurdles, the best hurdle is how does one keep you users 100% safe,” CNBC additionally quoted him as adding.
“How do you make it 100% sure that nobody will steal their coins in spite of the very fact that they’re untraceable. We’ll determine more about this once we open for business at the end of the summer.”