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Interactive Options Course
Lesson 5 of 6
IBKR offers clients a way to trade cryptocurrencies alongside stocks, options, futures, currencies, bonds, and funds. Cryptocurrency trade execution and custody are provided by Paxos Trust Company or Zero Hash LLC depending on your account type and country of legal residence. Cryptocurrency trading is also available through Interactive Brokers Hong Kong and is powered by OSL Digital Securities.
Cryptocurrency tokens available at Paxos and ZeroHash exchange include:
Additional cryptocurrency tokens are available only through the ZeroHash exchange, including:
Please note that Interactive Brokers limits clients from opening new cryptocurrency positions above certain thresholds to ensure cryptocurrencies remain a complement to our core business. Clients will be allowed to open positions in their Crypto Accounts up to:
In the IBKR Desktop application, if the cryptocurrency you wish to trade is already in a Watchlist, you can select the instrument and the Price Panel on the right reflects data for the asset you selected. You can also select an instrument from your Portfolio, the Financial Instrument Quote list, or use the Search bar in the upper left of the application.
Users with Crypto Basic trading permissions can trade from 3 AM EST Sunday to 4 PM EST Friday. The regular trading session is from 00:00 to 16:00 EST, and the late trading session is from 16:00:01 to 00:00 EST. Trades occurring in the late session will appear on the next day’s statement. Users with Crypto Plus trading permissions can trade cryptocurrencies 24/7.
In this example, we will enter BTC in the search bar. Top results will be displayed or select “Crypto” along the top of the screen to drill down into the specific product type. The investor will select the product they wish to trade and if they wish to trade through Paxos or Zero Hash.
From the Price Panel on the right side of the page, select Buy or Sell and the Order Ticket will appear. Fill in the Quantity, Description, and Time in Force details. Once the order details are filled in, you Preview or Save the order. When ready to submit, select the Submit Buy Order button and the order will be transmitted.
For more information on trading through IBKR Desktop, please see the IBKR Desktop course.
The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IBKR to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Interactive Brokers, its affiliates, or its employees.
Trading in digital assets, including cryptocurrencies, is especially risky and is only for individuals with a high risk tolerance and the financial ability to sustain losses. Eligibility to trade in digital asset products may vary based on jurisdiction.
The order types available through Interactive Brokers LLC's trading platforms are designed to help you limit your loss and/or lock in a profit. Market conditions and other factors may affect execution. In general, orders guarantee a fill or guarantee a price, but not both. In extreme market conditions, an order may either be executed at a different price than anticipated or may not be filled in the marketplace.
ll exchange and custody services in connection with trading and holding cryptocurrency tokens and other digital asset tokens through IBKR trading platforms are provided by Cryptocurrency Service Providers.
TRADING IN BITCOIN FUTURES IS ESPECIALLY RISKY AND IS ONLY FOR CLIENTS WITH A HIGH RISK TOLERANCE AND THE FINANCIAL ABILITY TO SUSTAIN LOSSES. More information about the risk of trading Bitcoin products can be found on the IBKR website. If you're new to bitcoin, or futures in general, see Introduction to Bitcoin Futures.
Cryptocurrency based Exchange Traded Products (ETPs) are high risk and speculative. Cryptocurrency ETPs are not suitable for all investors. You may lose your entire investment. For more information please view the RISK DISCLOSURE REGARDING COMPLEX OR LEVERAGED EXCHANGE TRADED PRODUCTS.
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