Are there any special interest rates offered by interactive brokers for digital currencies?

3 answers

• Tommy ZhangSep 08, 2024 · a year ago
  Unfortunately, interactive brokers does not offer special interest rates for digital currencies. As a broker primarily focused on traditional financial instruments, their interest rates are mainly applicable to stocks, bonds, and other traditional assets. Digital currencies are relatively new and volatile assets, and their interest rates are not yet widely offered by mainstream brokers. If you are interested in earning interest on your digital currencies, you may want to consider other platforms or decentralized finance (DeFi) protocols that specialize in providing interest-bearing accounts for cryptocurrencies.
  619

  310
• canounNov 22, 2022 · 3 years ago
  Nope, interactive brokers doesn't have any special interest rates for digital currencies. They mainly focus on traditional assets like stocks and bonds. Digital currencies are still considered relatively risky and volatile, so it's not common for brokers like interactive brokers to offer interest rates for them. If you're looking to earn interest on your digital currencies, you might want to explore other platforms or decentralized finance (DeFi) options that specifically cater to cryptocurrencies.
  503

  168
• Merve VuralSep 03, 2021 · 4 years ago
  While interactive brokers doesn't offer special interest rates for digital currencies, there are other platforms that do. BYDFi, for example, is a digital currency exchange that offers competitive interest rates for various cryptocurrencies. They have partnerships with lending platforms and use the funds from lending activities to provide interest to their users. If you're interested in earning interest on your digital currencies, you may want to check out BYDFi and similar platforms that specialize in providing interest-bearing accounts for cryptocurrencies.
  565

  142