Key Takeaways
- • Interactive Brokers has launched Ethereum staking for eligible Interactive Brokers LLC clients, with the service provided by zerohash through a dashboard in the broker's Client Portal.
- • Staking rewards are credited as additional staked cryptocurrency and can compound while the position remains staked, according to the announcement.
- • The launch extends a crypto build-out that includes nine tokens added through zerohash and three through Paxos in July, bringing the zerohash trading lineup to 20 digital assets.
- • Interactive Brokers' stablecoin services now support USDC, Ripple's RLUSD and PayPal's PYUSD for eligible clients, alongside external wallet transfers.
- • CEO Milan Galik framed staking as analogous to the firm's Stock Yield Enhancement Program, positioning it as a way for clients to earn more on assets they already hold.
Summary
Interactive Brokers has launched cryptocurrency staking for eligible clients, beginning with Ethereum, as the brokerage continues to expand its digital asset offering. According to an announcement made Tuesday, the service is provided by zerohash and allows eligible Interactive Brokers LLC clients to stake ETH through a dashboard in the broker's Client Portal. Clients can submit staking and unstaking requests and track pending activity through the same dashboard.
Rewards, when earned, are credited as additional staked cryptocurrency and can compound while the position remains staked. Interactive Brokers CEO Milan Galik drew a parallel to the firm's Stock Yield Enhancement Program, which allows clients to earn additional income on shares they own. "Staking gives clients an opportunity to earn rewards on the cryptocurrency they own," Galik said. "We want clients to earn more from the assets they hold." The staking rollout was previewed in June, when zerohash announced staking infrastructure for brokerages, banks and fintech platforms, and Galik said at that time that Interactive Brokers planned to offer staking alongside its existing investment products.
The launch follows a series of additions to the brokerage's crypto services. In July, Interactive Brokers added nine tokens through zerohash and three through Paxos, with some assets available through both providers, expanding its zerohash trading lineup to 20 digital assets including Bitcoin, Ethereum, Solana, XRP and NEAR. The firm first offered direct cryptocurrency trading in September 2021, initially supporting Bitcoin, Ethereum, Litecoin and Bitcoin Cash through Paxos.
On the funding side, Interactive Brokers introduced USDC account funding in January. Its stablecoin services now support USDC, Ripple's RLUSD and PayPal's PYUSD for eligible clients, alongside transfers of supported crypto assets to and from external wallets. Interactive Brokers said product availability varies by affiliate and country of residence, and at launch the staking service supports Ethereum only.
Rewards, when earned, are credited as additional staked cryptocurrency and can compound while the position remains staked. Interactive Brokers CEO Milan Galik drew a parallel to the firm's Stock Yield Enhancement Program, which allows clients to earn additional income on shares they own. "Staking gives clients an opportunity to earn rewards on the cryptocurrency they own," Galik said. "We want clients to earn more from the assets they hold." The staking rollout was previewed in June, when zerohash announced staking infrastructure for brokerages, banks and fintech platforms, and Galik said at that time that Interactive Brokers planned to offer staking alongside its existing investment products.
The launch follows a series of additions to the brokerage's crypto services. In July, Interactive Brokers added nine tokens through zerohash and three through Paxos, with some assets available through both providers, expanding its zerohash trading lineup to 20 digital assets including Bitcoin, Ethereum, Solana, XRP and NEAR. The firm first offered direct cryptocurrency trading in September 2021, initially supporting Bitcoin, Ethereum, Litecoin and Bitcoin Cash through Paxos.
On the funding side, Interactive Brokers introduced USDC account funding in January. Its stablecoin services now support USDC, Ripple's RLUSD and PayPal's PYUSD for eligible clients, alongside transfers of supported crypto assets to and from external wallets. Interactive Brokers said product availability varies by affiliate and country of residence, and at launch the staking service supports Ethereum only.
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