Interactive Brokers (NASDAQ: $IBKR) now allows clients to transfer supported cryptocurrencies from external wallets into accounts on its platform without having to sell the digital assets.
The in-kind transfers mean that customers don’t need to liquidate their crypto positions to transfer them to an IBKR crypto account.
Interactive Brokers says its new feature covers Bitcoin (CRYPTO: $BTC), Ethereum (CRYPTO: $ETH), Solana (CRYPTO: $SOL), and other cryptocurrencies.
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Commissions for transferring crypto to IBKR from another brokerage range from 0.12% to 0.18% of trade value —well below the industry standard of 2%.