Interactive Brokers launches Ethereum staking as crypto push expands

Interactive Brokers has launched cryptocurrency staking for eligible clients, starting with Ethereum, as the brokerage continues to expand its digital asset offering. The service is provided by zerohash and allows eligible Interactive Brokers LLC clients to stake ETH through a dashboard in the broker’s Client Portal, according to an announcement Tuesday. Clients can submit staking and unstaking requests and track pending activity through the dashboard. Rewards, when earned, are credited as additional staked cryptocurrency and can compound while the position remains staked. “Similar to how our Stock Yield Enhancement Program allows clients to earn additional income on shares they own, staking gives clients an opportunity to earn rewards on the cryptocurrency they own,” Interactive Brokers CEO Milan Galik said. “We want clients to earn more from the assets they hold.” The launch follows a series of additions to the broker’s crypto services, including expanded token support, transfers to external wallets and stablecoin funding. In July, Interactive Brokers added nine tokens through zerohash and three through Paxos, with some assets available through both providers. The expansion broug...