Interactive Brokers Launches Stablecoin Funding, Enabling Instant Trading Access
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 17h ago
0mins
Source: Businesswire
- Enhanced Funding Speed: Interactive Brokers now allows clients to fund their accounts using stablecoins, enabling transfers and trading to be completed within minutes, significantly improving liquidity and market responsiveness for international investors.
- Reduced Transaction Costs: The costs associated with stablecoin transfers are significantly lower than traditional wire transfers, with zerohash charging only a 0.30% conversion fee and a minimum fee of $1, thereby enhancing clients' cost efficiency and competitive edge.
- 24/7 Availability: The new service allows clients to deposit funds at any time, addressing the limitations of traditional wire transfers that restrict trading outside business hours, thus providing clients with the flexibility to trade across 170 global markets whenever they choose.
- Future Expansion Plans: Interactive Brokers plans to add support for Ripple Coin (RLUSD) and PayPal's coin (PYUSD) next week, further diversifying its stablecoin funding options to meet varying client needs and enhance market appeal.
Analyst Views on IBKR
Wall Street analysts forecast IBKR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IBKR is 80.38 USD with a low forecast of 75.00 USD and a high forecast of 91.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
7 Buy
1 Hold
0 Sell
Strong Buy
Current: 73.680
Low
75.00
Averages
80.38
High
91.00
Current: 73.680
Low
75.00
Averages
80.38
High
91.00
About IBKR
Interactive Brokers Group, Inc. is an automated global electronic broker. The Company custodies and services accounts for hedge and mutual funds, exchange-traded funds (ETFs), registered investment advisors, proprietary trading groups, introducing brokers and individual investors. It specializes in routing orders and executing and processing trades in stocks, options, futures, foreign exchange instruments (forex), bonds, mutual funds, ETFs, precious metals, and forecast contracts on more than 160 electronic exchanges and market centers in 36 countries and 28 currencies around the world. In addition, its customers can use its trading platform to trade certain cryptocurrencies through third-party cryptocurrency service providers that execute, clear and custody the cryptocurrencies. Its trading platforms include IBKR Desktop, IBKR Trader Workstation, IBKR Mobile, IBKR Client Portal and others. Its key product offerings include IBKR Pro, IBKR Lite, and IBKR Universal Account.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
