Interactive brokers, a global broker recorded The $ 9.3 billion income for 2024, expands Altcoin offerings to include four new tokens.
According to a March 26 announcement, the platform added Solana (Sol), Cardano (Ada), XRP (XRP), and dogecoin (Doge) for trading. The four coins have a combined market capitalization of $ 267.2 billion in this writing.
The additions of double crypto offerings of double interactive to traders. Since 2021, it has enabled trading in Bitcoin (Btc), Ether (Eth), Litecoin (LTC), and Bitcoin’s cash (Bch) pair.
Both trading and caution services will be provided through the Paxos Trust Company or Zero Hash LLC. Zero Hash said in a press release that in June 2024, it has processed $ 20 billion in transactions throughout 200 countries.
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Financial companies expand crypto token offerings. On March 25, Nubank announced the addition of ADA, near protocol (Nearby), Cosmos (Atom), and Algorand (Something) to more than 100 million clients in Latin America. US Exchange Kraken continues to add memecoins within a month, as Binance introduces a way for community members To vote on the list and removal of tokens.
In the midst of a more competitive crypto market, interactive brokers promise low transaction fees – 0.12% to 0.18% per transaction amount with a minimum of $ 1.75 per trade. The brokerage is still facing competition from exchanges that offer “Pro” platforms with a similar charge.
Related: CZ admitted Binance’s token listing process is error, require reform
Crypto markets see more regulation, further adoption
Companies’ moves to expand crypto offerings are in the midst of a broader move on how countries-states engage in industry-move toward collaboration rather than explicit suppression. The European Union’s Regulation of MICA has been delivered to a clearer plot for crypto companies operating in that region, while the United States estimates The use of stablecoins To maintain the dollar global dominance.
The US Securities and Exchange Commission has collapsed cases against a number of crypto companies, and the US Congress is currently working on Stablecoin and market structure laws.
Although crypto markets was experienced by the recenlty disturbance Due to the uncertainty surrounding the US tariffs and fear of retreating, institutional investors still appear to have optimistic crypto investment. Since debuting in January 2024, the Bitcoin Exchange Traded-Funds has attracted an integrated net inflow of $ 36 billion, According to In Sosovalue.
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