Key Takeaways
- Interactive Brokers now allows U.S. retail clients to deposit Stablecoin USDC into their brokerage accounts.
- Deposits can be made from personal wallets using Zerohash, with support for Ethereum, Solana, and Base blockchains.
- Transaction limits apply: $10 minimum, $25,000 per transfer per day, and $100,000 per month.
Interactive Brokers Expands Cryptocurrency Services with Stablecoin Deposits
Interactive Brokers, a leading online brokerage firm, has taken a significant step into the cryptocurrency space by allowing U.S. retail clients to fund their accounts with Stablecoin USDC. This move marks a notable expansion of the company’s cryptocurrency services, providing clients with more flexibility and options for managing their investments. The integration is made possible through a partnership with Zerohash, enabling clients to deposit USDC from their personal wallets.
How it Works
Clients can select from three supported blockchains: Ethereum, Solana, or Base. Once a deposit is initiated, it is converted into U.S. dollars after confirmation, allowing for seamless integration into the client’s brokerage account. This process streamlines the use of cryptocurrencies for investment purposes, making it more accessible to a broader range of investors.
Transaction Limits and Security
To ensure compliance with regulatory requirements and to protect clients, Interactive Brokers has implemented transaction limits for Stablecoin deposits. The minimum deposit amount is set at $10, with a daily limit of $25,000 per transfer and a monthly cap of $100,000. These limits are designed to balance accessibility with security and regulatory adherence, reflecting the company’s commitment to providing a safe and compliant investment environment.
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