The fight for crypto customers among big-name brokers is heating up. In late March, Interactive Brokers (IBKR) enabled direct crypto portfolio transfers, letting clients move existing crypto onto its platform and trade at just 0.12% to 0.18% in commissions, which is about as cheap as it gets. A few days later, it rolled that out to individual investors across the European Economic Area (EEA) and added 11 cryptocurrencies alongside stocks, options, and futures.
Coinbase (COIN) is pushing the other way, adding U.S. stock trading to its app via USDC settlements and starting to look more like a full-service broker. Crypto platforms are moving into brokerage, and traditional brokers are moving into crypto. The only thing missing was a big move from the largest retail broker in the United States.
