Key Highlights
- Interactive Brokers announced crypto staking on October 13, initially allowing eligible Interactive Brokers LLC clients to stake Ethereum.
- Clients can use the Staking Dashboard in the Client Portal to submit staking or unstaking requests and monitor pending activity.
- Earned rewards are credited as additional staked cryptocurrency and may compound while the position remains staked.
Interactive Brokers (Nasdaq: IBKR), an automated global broker, announced the launch of cryptocurrency staking for eligible clients on October 13. The service allows clients to earn rewards on supported digital assets while managing their cryptocurrency alongside stocks, options, futures, and other instruments on the firm’s unified platform. Staking services are provided by Zerohash.
According to the official announcement, eligible Interactive Brokers LLC clients can initially stake Ethereum through the Staking Dashboard in IBKR’s Client Portal. Clients can submit staking or unstaking requests and monitor pending activity. Rewards, when earned, are credited as additional staked cryptocurrency and may compound while the position remains staked.
The launch expands Interactive Brokers’ existing cryptocurrency services. Product availability varies by Interactive Brokers affiliate and the client’s country of residence. The firm also cautioned that digital asset trading carries elevated risks and is intended for individuals with a high risk tolerance and the financial capacity to sustain losses.
Firms explore crypto staking
Prior to this, on August 4, digital asset firm Galaxy Digital and BNY announced that they were exploring a partnership to introduce staking capabilities within BNY’s Digital Asset Custody platform.
According to the announcement at the time, Galaxy would support staking infrastructure for BNY and serve as a design partner for the bank’s broader digital asset platform. The staking offering was not yet available to clients and remained subject to regulatory review, with no launch timeline announced.
Earlier, on May 9, The Open Network (TON) was identified as a leader in annual staking rewards among the 50 largest cryptocurrencies. Telegram founder Pavel Durov stated that TON offered the highest staking yields in its category at an 18.80% annual percentage rate. TON ranked 15th by market capitalization at the time. Other tokens listed among the top staking yield providers included Bittensor, Canton Network, Avalanche, Solana, Polkadot, NEAR Protocol, Tron, Ethereum, and Hyperliquid.
Ethereum price movement
After Interactive Brokers announced its Ethereum crypto staking plans, Ethereum traded at $2,516.19, down 0.3% over the previous 24 hours, according to CoinGecko data (on October 13 at 15:00 UTC). The token’s market capitalization stood at $307.305 billion, with 24-hour trading volume of $14.902 billion. Circulating supply was reported at 122.131 million tokens.
According to CoinGecko data (on October 13 at 15:00 UTC), Ethereum recovered from an intraday low near $2,411 to trade around $2,516 at the time. Its fully diluted valuation was also reported at $307.305 billion. Perpetual futures open interest over 24 hours stood at $45.061 billion, while total Ethereum treasury holdings were reported at 8,042,260 ETH.
Interactive Brokers’ staking service initially focuses on Ethereum, adding a yield-generating feature to the cryptocurrency access already available through its brokerage platform. The launch also comes as traditional financial institutions explore ways to incorporate staking and other digital asset services into their existing offerings.
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