Interactive Brokers (IBKR), one of the largest investing brokerages in the world, has introduced a feature allowing eligible clients to fund their accounts using USD Coin (USDC).
The platform now supports near-instant stablecoin deposits 24/7, including weekends and holidays, giving clients access to trading across over 170 global markets within minutes.
How Stablecoin Funding Works
Clients can send USDC from personal crypto wallets to a secure wallet generated by Zerohash on supported networks, including Ethereum, Solana, and Base.
Sponsored
Once received, IBKR automatically converts the stablecoins into U.S. dollars, which are credited to the client’s brokerage account. IBKR does not charge deposit fees, however, clients are responsible for blockchain network fees, and Zerohash applies a 0.3% conversion fee per deposit, with a minimum of $1.
The brokerage said the service provides a faster, lower-cost alternative to traditional bank wires, which are often limited by processing times and international transfer restrictions.
IBKR plans to add support for Ripple’s RLUSD and PayPal’s PYUSD next week, broadening client options and streamlining deposits via digital assets.
IBKR Sees Rapid Account Growth
Interactive Brokers offers trading across multiple asset classes, including stocks, options, futures, forex, bonds, commodities, funds, and cryptocurrencies, operating in over 160 global markets in 28 currencies and serving clients in more than 200 countries.
Stock investing is increasingly popular globally and via mobile devices, trends that have helped IBKR grow its client base and capture market share in deposits.
As of December, IBKR had 4.4 million active client accounts, a 32% year-over-year increase, driving revenue growth to $1.655 billion in Q3, up 21% year-over-year.
Following the announcement, IBKR’s stock rose nearly 4% to $75.50, an all-time high at the time of reporting.
Why This Matters
Stablecoin deposits enable clients to fund their accounts more quickly and access global markets with greater efficiency. Interactive Brokers joins a growing number of brokerages bridging cryptocurrency with traditional finance, offering investors greater speed, flexibility, and liquidity.
Discover DailyCoin’s hottest crypto news now:
Solana’s Seeker Phone Drops Massive Airdrop: Up to 750K SKR Per User
CME Unleashes Cardano & Stellar Futures: Big ODL Boost?
People Also Ask:
Interactive Brokers is a global brokerage firm offering trading in stocks, options, futures, forex, bonds, commodities, funds, and cryptocurrencies. It operates in over 160 markets across 28 currencies and serves clients in more than 200 countries.
Clients send USDC from a personal crypto wallet to a brokerage-provided wallet. Once received, the brokerage converts it into USD and credits the client’s account, usually within minutes.
Deposits can often be sent via supported networks such as Ethereum, Solana, and Base, but availability depends on the brokerage’s infrastructure.
Deposits are typically near-instant and available 24/7, unlike traditional bank transfers that may take several hours or days and may not process on weekends or holidays.
