Interactive Brokers Enters European Crypto Market

Interactive Brokers has expanded its services to include crypto trading for retail investors in the European Economic Area (EEA). The electronic brokerage, which provides trading across stocks, options, futures, currencies, and other assets on over 170 markets worldwide, now allows eligible clients to buy and sell digital assets such as Bitcoin, Ethereum, and Solana.

The service is available through Interactive Brokers' Ireland-based entity, an authorized crypto-asset service provider in the region. The company's CEO and President, Milan Galik, stated on a January earnings call that crypto revenues are currently small relative to the overall company's revenues but expected to grow.

The launch of crypto trading services for retail investors marks Interactive Brokers' entry into the European market, which is seen as a significant move by the company. The service includes 24/7 market access and spot crypto trading with commissions starting at 0.12%–0.18%. Zerohash provides the underlying trading and custody infrastructure.