Interactive Brokers Launches Stablecoin Funding for Retail Accounts

Interactive Brokers Group Inc. (IBKR) is now allowing retail clients to fund brokerage accounts with stablecoins, providing a crypto-native onboarding option alongside traditional bank transfers.

  • The feature is starting with a subset of eligible US customers.
  • This move bridges brokerage cash management and crypto wallets, as stablecoins are used for payment and settlement.
  • Interactive Brokers is enhancing its offerings to compete with crypto-friendly platforms like Robinhood.

Interactive Brokers, a major global electronic broker, offers services across over 160 markets and has reported 4.13 million customer accounts with $757.5 billion in customer equity.

  • The company's scale may help normalize the use of stablecoins in mainstream brokerage accounts.
  • Interactive Brokers has expanded its crypto trading services, including offers to UK customers since May 2024.

IBKR shares were slightly higher following the stablecoin funding news, trading around $66.12. However, the stock is down 3.91%, aligning with overall market sentiment. Year-to-date, IBKR is up about 43.83%.

Price chart for IBKR stocks over 5 days. Source: MarketWatch

The new features could attract more crypto traders and increase adoption globally once stablecoin funding is fully launched.