Interactive Brokers’ Creator and Chairman, Thomas Peterffy, stated that he had acquired some digital currencies for himself. Furthermore, the billionaire claimed that his corporation’s clients have been expressing an increasing desire for digital currency services.

‘You Have to Play The Odds

Thomas Peterffy, a Hungarian-born entrepreneur, admits to investing in digital currency during a CNBC interview. Notwithstanding his reservations about the asset class’s lengthy prospects, he acknowledged that it had the potential to become a worldwide dominating currency:

“Even I myself have put a little bit of money into crypto, because even though chances are, I think, that this is not going to be a viable market, I think that there’s a small chance that this will be a dominant currency, so you have to play the odds.”

Peterffy’s remarks were a shift in his position, as he had previously stated that Bitcoin should be kept out of the “real economy.” On the other side, the millionaire, who is regarded as the “father of high-speed trading,” believes that digital currencies are a nice idea, but it’s only when governments and authorities allow unrestricted trade and use.

Clients of Interactive Brokers are becoming increasingly interested in the investment vehicle, according to the senior executive, who did not disclose which digital currency he holds. The business aims to introduce such trading options:

“Several of our clients expressed interest. And I completely understand it.”

Thomas Peterffy,
Thomas Peterffy,

Cryptocurrency Trading to be Accepted by Interactive Brokers

As previously revealed, Interactive Brokers, one of the most well-known brokerage firms, will begin offering digital currency trading services to its clients before the end of the summer.

With over three million transactions each day, Thomas Peterffy claimed that the business must provide the utmost protection for its customers while dealing with digital currencies:

“As for hurdles, the greatest hurdle is how do you keep your customers 100% safe. How do you make it 100% sure that no one will steal their coins in spite of the fact that they are untraceable. We will find more about this when we open for business at the end of the summer.”


Please enter your comment!
Please enter your name here