Paxos Supports Interactive Brokers’ Journey into Crypto Markets

In the last year, the interest in cryptocurrencies has exploded. Now, more than ever, people want access to this new asset class through their trusted intermediaries. Sophisticated investors see the value in diversifying portfolios by tapping into new technology. While established financial institutions have indicated their intent to offer crypto, few have yet to enter the market with easy-to-use solutions for their clients. Today marks a significant step forward as Interactive Brokers (IBKR) – one of the largest online trading brokerages with more than $360B in assets under custody – is launching crypto access for their US customers in partnership with Paxos. 

Paxos Crypto Brokerage is the API solution that enables IBKR customers to buy, sell and hold Bitcoin, Ethereum, Bitcoin Cash and Litecoin. Paxos manages the complexity of custody, liquidity and licensing of digital assets while IBKR manages the client interaction. With this division of responsibilities, both Paxos and IBKR bring their expertise to the product. This partnership results in a compelling customer experience and seamless access to crypto markets. 

Our regulated platform and product makes it easy for leading global enterprises to enter crypto safely and quickly. This partnership highlights the increasing demand for crypto solutions that are flexible and can be tailored to every platform’s needs. We believe this is meaningful validation for Paxos’ commitment to building regulated solutions that can be leveraged by the most sophisticated financial institutions. By working closely with Paxos, IBKR is significantly increasing the number of people who have access to crypto globally. 

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