12:09 ET - Interactive Brokers has boosted its crypto offerings after the Securities and Exchange Commission loosened its stance on the industry, Chief Executive Milan Gilak said during the company's earnings call. But with its expanded offerings, Interactive Brokers isn't seeing as much interest in the space as expected, he said. "It's not growing as fast as we would like, which to me personally is somewhat of a surprise," he said, adding the cost of trading crypto assets on its platform is lower than what its competitors charge. The company added four new cryptocurrencies last quarter and three more this week, bringing its total offering to 11 cryptocurrencies. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
April 16, 2025 12:09 ET (16:09 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.