Major US trading platform Interactive Brokers to offer cryptocurrency trading

Major US trading platform Interactive Brokers to offer cryptocurrency trading

“Interactive Brokers wants to offer as yet unnamed cryptocurrencies to its traders.
United States foreign exchange company Interactive Brokers will offer direct cryptocurrency trading to clients within months, a report says.Speaking at the Piper Sandler Global Exchange & FinTech Conference on June 9, founder Thomas Peterffy revealed that the firm had opted to enter the crypto market.Demand fuels latest crypto uptakeQuoted by CNBC, Peterffy hinted that client demand had been a major driver of the decision.“Customers certainly are asking for [crypto trading] and we expect to be ready to offer it to them by the end of the summer,” he said. Interactive Brokers offers traders a wide variety of assets in addition to currencies, these including stocks, options, futures, bonds and funds, according to its website. As of 2019, its equity value totalled almost $8 billion.The move into crypto will presumably feature Bitcoin (BTC) first and foremost, with Peterffy nonetheless not naming specific tokens.“As for hurdles, the greatest hurdle is how do you keep you customers 100% safe,” CNBC additionally quoted him as saying. “How do you make it 100% sure that no one will steal their coins in spite of the fact that they are untraceable. We will find out more about this when we open for business at the end of the summer.”Bitcoin futures open interest chart. Source: BybtPositive press begins to sway price actionThe announcement coincides with the latest chapter in Bitcoin’s evolution into a mainstream asset class courtesy of El Salvador’s pioneering legal tender move.As Cointelegraph reported, a senior Bloomberg analyst said Wednesday that Bitcoin is no longer “speculative” in nature.Despite seeing considerable selling pressure in recent weeks, BTC/USD is more likely to hit $40,000 next than $20,000, Mike McGlone of Bloomberg Intelligence added.The pair is up 6% on the day Wednesday after bouncing from $31,000 earlier in the week.”

Source: Cointelegraph.com News

The ‘magical’ Strike API integration could mean this for Twitter

“On Twitter, more than 66,000 people have viewed a video of a man sending $10 to his friend in El Salvador, to buy a cup of coffee. What made this transfer different? It was done by Strike CEO Jack Mallers using Twitter after the social media platform’s integration with the

This can pave way for XRP’s comeback above $1, perhaps to $1.29

“September has not been kind to XRP. Pressurized by multiple mini-crashes during the month, XRP’s 30-day ROI slipped to over 12%. With little interest from retail traders, XRP was unable to keep up pace with some of its other counterparts. However, a falling wedge pattern hoped to inject some signs