Interactive Brokers (IBKR) today (25th) announced the official support for the “Deposit Transfer” feature for cryptocurrency portfolios. Now, clients can transfer assets such as Bitcoin, Ethereum, and others directly from external wallets into IBKR, enabling unified management across asset classes.
(Background: Interactive Brokers’ stablecoin deposits incur a 0.3% fee plus Gas Fee; support for PYUSD and RLUSD will be available next week.)
(Additional context: Interactive Brokers allows “stablecoin deposits,” with USDC being depositable into US stock brokerage accounts.)
As investors’ demand for integrated asset management increases, one of the world’s largest online brokerages, Interactive Brokers (Nasdaq: IBKR), announced today the launch of cryptocurrency portfolio transfer functionality. This new feature allows clients to seamlessly transfer crypto assets held on other exchanges or personal hardware wallets into their IBKR trading accounts.
In the past, IBKR clients could buy cryptocurrencies directly but struggled to integrate existing holdings. This update addresses that long-standing issue. Steve Sanders, Vice President of IBKR, stated that this feature is designed to help clients manage their overall wealth more effectively:
“Investors no longer need to view assets across multiple platforms; now they can see their Apple stocks and Bitcoin holdings on the same screen.”
The underlying technology is supported by their long-term partner Paxos Trust Company. The initial supported cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH), with expansion planned based on regulatory developments.
For seasoned traders, the main incentive to transfer assets to IBKR is lower trading costs. IBKR’s cryptocurrency trading commissions are only 0.12% to 0.18% of the trade value, with no hidden spreads, significantly lower than many native crypto exchanges charging over 1.5% in fees.
Analysts see IBKR’s opening of the “transfer-in” feature as a clear signal: cryptocurrencies have fully entered the traditional investment portfolio lineup.
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