IBKR now offering Bitcoin, Litecoin, Ethereum etc.

[taipan77]

Lots of regulatory and legal hurdles to work through as it varies by regulator and country. We're working it but it will be a while unfortunately.

Thank you for finally getting there, now hopefully we can all start riding those trends on crypto but of course a lot of those big trends have already happened. But again thanks for getting us the service.

 

[samovar]

Yeah, thank you soooo much IB

Effective this afternoon, Tuesday, October 26, 2021, IBKR's trading platform will no longer support stop orders in crypto products. If you currently have a resting stop order in crypto, it will be cancelled overnight tonight.​

 

[Overnight]

Yeah, thank you soooo much IB

Effective this afternoon, Tuesday, October 26, 2021, IBKR's trading platform will no longer support stop orders in crypto products. If you currently have a resting stop order in crypto, it will be cancelled overnight tonight.​

What could the impetus be for this decision?

@def

 

[def]

What could the impetus be for this decision?

@def

I wasn't involved in the discussion. I suspect the flash moves and poor liquidity create cascades with stops and causing potentially larger losses that occur in an instant and revert back seconds later. You can always use conditional limit orders as (pun intended) a stop gap.

 

[def]

FYI - update. The market order restriction is only for the physical crypto exchanges for the time being. Not listed products.