This $350 Billion Fund Is Now Offering Bitcoin Cash Trading - Interactive Brokers

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3 years ago
In community: Bitcoin Cash Hub(0cd1)
Topics: Bitcoin Cash, Institutions, Finance, Bitcoin, BCH, ...

Interactive Brokers LLC is one of the top investing platforms worldwide.

It is always the top recommendation for trading stocks, forex, and commodities among other asset classes and now offers Bitcoin Cash trading to its US clients. In total IB services 1.4 million clients holding $375 Billion in assets.

Interactive Brokers LLC (IB) is more important than Robinhood and CashApp combined.

Once again, a leading financial platform has selected Bitcoin Cash as a top cryptocurrency.

Interactive Brokers selected only four cryptocurrencies for its crypto trading desk:

BCH, BTC, ETH, and LTC.

Bitcoin Cash is Always Under The Microscope of Institutions

Source

Since almost every financial organization that offers cryptocurrency investment is having Bitcoin Cash as a priority, it is safe to assume that it is also recognized it as an asset with huge potential. Institutional and accredited investors are those mostly investing through these platforms (except PayPal) and, unlike Robinhood, CashApp, and other apps for micro investors, these are the real deal.

Let’s recap which cryptocurrencies the leading financial organizations and payment networks consider Bitcoin Cash as a top selection:

i) PayPal: (BCH - BTC - ETH - LTC)

Since 2020, it offers trading of Bitcoin Cash (BCH), Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) for US customers and recently expanded its "crypto" operations in the UK.

ii) Grayscale: (BCHG - GBTC - ETHE - LTCN - ETCG)

The Grayscale Bitcoin Cash Trust (BCHG) has now been approved as a SEC reporting company, together with ETC and LTC funds. It opens up the way for a Bitcoin Cash ETF in the future. This move was a catalyst for Ethereum institutional adoption in 2020 (the price of ETH is now 30x higher).

Also Read: Grayscale's Bitcoin Cash Trust to Become SEC Reporting Company

Currently, only five of Grayscale’s Trusts are SEC reporting: Bitcoin (GBTC), Ethereum (ETHE), Bitcoin Cash (BCHG), Litecoin (LTCN), Ethereum Classic (ETCG).

iii) JPMorgan Chase & Co.: (BCH - BTC - ETH - ETC)

The bank that was leading the opposition to Bitcoin and cryptocurrencies for years has recently taken a U-turn and is now offering investment exposure in just four selected cryptocurrencies: Bitcoin Cash, BTC, Ethereum, and Ethereum Classic.

Also Read: JPMorgan Allows Access to Retail Investing In Bitcoin Cash

iv) SBI Holdings: (XRP - BCH - BTC - ETH - LTC)

A financial behemoth in Japan, SBI bank, is now offering to retail clients Bitcoin Cash investment services. It offers in total just five cryptocurrencies: Ripple, Bitcoin Cash, BTC, Ethereum, and Litecoin.

Also Read: Bitcoin Cash was selected by SBI Bank for the First Crypto Fund In Japan

v) 21 Shares: (BCH - BTC - ETH)

21 Shares offers the first European Bitcoin Cash ETP using the Xetra platform (Frankfurt Stock Exchange - DAX).

It also offers Bitcoin-BTC and Ethereum ETPs for European institutional and accredited investors.

Also Read: Bitcoin Cash ETP in Europe - "ABCH"

In Conclusion

Source: Pixabay (modified)

There is a question that baffles many investors in the crypto field:

Why is Bitcoin Cash currently placed at historic low spots in crypto market cap indexes, sitting below many new and even untested cryptocurrencies?

Bitcoin Cash is a top candidate and always included as an investment option, together with a small number of other cryptocurrencies by all financial institutions. The latest one is Interactive Brokers that prioritized Bitcoin Cash from any of the rest in the market cap lists.

Bitcoin Cash has solidified its position as one of the top four cryptocurrencies and it is only a matter of time before this is also manifested in the market cap indexes.

One can only assume that the price of BCH is still suppressed and there will be a moment of explosive rise, due to this acceptance, developments, mass adoption levels, and a vast increase in user-base.

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Avatar for Pantera
Written by
3 years ago
In community: Bitcoin Cash Hub(0cd1)
Topics: Bitcoin Cash, Institutions, Finance, Bitcoin, BCH, ...

Comments

Wow that's Awesome!

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User's avatar Emjee
3 years ago

It is always good to see more and more trading platforms offering the option to trade in crypto. I do think eventually that this will be common among all of them—including eTrade and Ameritrade. At the end of the day it all depends on consumer demand. If people want it, these platforms will have to find ways to make it available as an option.

As for BCH in general, it has become a favorite of mine. I just think it has the best potential to be usable, likeable, and recognizable across a wide swath of people.

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User's avatar Porwest
3 years ago

You are such an in depth writer. I love how insightful and articulatd you are when you write,i do not really know a lot about crypto currencies but i have learnt from your article and I hope predictions on BCH turns out as expected,it would benefit a lot of persons...

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User's avatar Bennykoko00
3 years ago

I have asked myself severally why BCH hasn't price has surpassed lots of coins out there without having much to offer to crypto users globally.

I believe that the adoptions we are seeing every day are getting the ground prepared for the BCH explosion and time is here already.

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User's avatar George_Dee
3 years ago

This is some good news, right? This gives me confidence that I am hodling the right coin, BCH. I can't wait to see it being included as an investment option in more recognized organizations.

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User's avatar Ellehcim
3 years ago

w00t! Interactive Brokers is huge in the world of finance.

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User's avatar potta
3 years ago

I'm ever getting more and more boosted in confidence by the fact that our dear bch is always a preferred coin for all forms of transactions, etc. I'm lifted to hear this from you in all honesty

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User's avatar Pheazer
3 years ago

BCH is on top and nothing can ever be like BCH. Forward ever, backward never

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User's avatar Bjread.cash
3 years ago

Every day BCH is gaining some ground. And in my opinion, the LTC has been losing its position. Maybe the fake news these days has something to do with it, or maybe it's just my ideas. But hopefully, most will eventually see the true potential of BCH.

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User's avatar CoquiCoin
3 years ago

That is seriously impressive. BCH is gaining recognition and going from strength to strength. It feels even more exciting times are ahead.

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User's avatar TengoLoTodo
3 years ago

Certainly. I mean, I don't know what else investors want. This is the top of the cream and the funds are pushing into some cryptos that don't even have product yet.

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User's avatar Pantera
3 years ago

Yes, I always found that odd, the blind faith they have in cryptos with no product.

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User's avatar TengoLoTodo
3 years ago
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