Buying bitcoin in IB

Discussion in 'Interactive Brokers' started by ACUK, Jan 6, 2021.

  1. ACUK

    ACUK

    Hi - is there a way to buy bitcoin in IB?

    Thanks
     

  2. No ...... Try Coinbase
     
  3. narafa

    narafa

    Physical, no, futures (Non-Deliverable), yes. Symbol is BRR, but you must enable the trading permission from Account Management.
     
    jys78 likes this.
  4. narafa

    narafa

    And before you get excited, the margin now (For long positions) for just 1 contract is $108k (Initial) and $86k for maintenance.

    The margin for short positions is $200k per contract (Initial) and $160k (Maint.)
     
  5. JamesJ

    JamesJ

    BAKKT@ICE has only multipier 1, BRR@CME is 5.
    Bakkt however has less volume.
     
    Shadetree42 likes this.
  6. ACUK

    ACUK

    Just found GBTC - it's not the actual but seems to mirror it roughly