Interactive Brokers has launched a cryptocurrency staking service for eligible clients, initially focusing on Ethereum. This new feature, provided by zerohash, allows clients to stake ETH directly through the broker’s Client Portal and earn rewards on their holdings.
The introduction of staking represents a significant expansion of Interactive Brokers’ digital asset services, integrating them further into its comprehensive investment platform. Clients can manage their staking activities, including submitting staking and unstaking requests, via a dedicated dashboard. Rewards earned are credited as additional staked cryptocurrency, offering the potential for compounding returns.
“Similar to how our Stock Yield Enhancement Program allows clients to earn additional income on shares they own, staking gives clients an opportunity to earn rewards on the cryptocurrency they own,” stated Interactive Brokers CEO Milan Galik. “We want clients to earn more from the assets they hold.”
This staking service follows a series of recent enhancements to Interactive Brokers’ crypto offerings. The brokerage first enabled direct cryptocurrency trading in September 2021, initially listing Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. In January, Interactive Brokers introduced USDC account funding, and its stablecoin services now encompass USDC, Ripple’s RLUSD, and PayPal’s PYUSD for eligible clients. The platform also supports transfers of supported crypto assets to and from external wallets.
Further expanding its digital asset lineup, Interactive Brokers added nine tokens via zerohash and three via Paxos in July. This brought its zerohash trading portfolio to 20 digital assets, including Bitcoin, Ethereum, Solana, XRP, and NEAR.
The infrastructure supporting this new staking service was anticipated in June when zerohash announced its development of staking solutions for brokerages, banks, and fintech platforms. At that time, Milan Galik indicated Interactive Brokers’ intention to offer staking alongside its existing investment products.
By integrating staking, Interactive Brokers enables clients to trade digital assets alongside traditional instruments such as stocks, options, futures, bonds, and funds, providing access to services previously more common on dedicated cryptocurrency platforms.
Interactive Brokers noted that product availability may vary by affiliate and country of residence. The staking service is currently available to eligible Interactive Brokers LLC clients and supports Ethereum.
Why This Matters
The materials describe a narrow update: Interactive Brokers has introduced a cryptocurrency staking service for eligible clients, initially supporting Ethereum. Product availability varies by affiliate and country of residence.
Broader Context
Source materials place the factual news in this context: Interactive Brokers has launched cryptocurrency staking for eligible clients, starting with Ethereum , as the brokerage continues to expand its digital asset offering.
