Crypto Trading Demand Lower Than Expected, Interactive Brokers CEO SaysMarket Talk

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. ([email protected])