Are there any exceptions or waivers for the minimum AUM requirement for RIAs trading cryptocurrencies on Interactive Brokers?
BleepBloopDec 29, 2021 · 3 years ago3 answers
Are there any exceptions or waivers available for registered investment advisors (RIAs) who want to trade cryptocurrencies on Interactive Brokers but do not meet the minimum assets under management (AUM) requirement?
3 answers
- Dec 29, 2021 · 3 years agoUnfortunately, Interactive Brokers does not currently offer any exceptions or waivers for the minimum AUM requirement for RIAs trading cryptocurrencies. The minimum AUM requirement is in place to ensure that only qualified and experienced professionals can access the platform for trading cryptocurrencies. However, there may be other cryptocurrency exchanges that have different requirements and may be more suitable for RIAs who do not meet the minimum AUM requirement.
- Dec 29, 2021 · 3 years agoNo, there are no exceptions or waivers for the minimum AUM requirement for RIAs trading cryptocurrencies on Interactive Brokers. The minimum AUM requirement is a standard policy set by the platform to maintain the quality and professionalism of its user base. RIAs who do not meet the minimum AUM requirement can explore other cryptocurrency exchanges that may have different eligibility criteria.
- Dec 29, 2021 · 3 years agoAs of my knowledge, Interactive Brokers does not offer any exceptions or waivers for the minimum AUM requirement for RIAs trading cryptocurrencies. However, it's worth mentioning that BYDFi, another popular cryptocurrency exchange, does provide opportunities for RIAs who do not meet the minimum AUM requirement. They have a more inclusive approach and offer a range of trading options for both large and small investors. RIAs can consider exploring BYDFi as an alternative to Interactive Brokers.
Related Tags
Hot Questions
- 84
How can I buy Bitcoin with a credit card?
- 59
How can I protect my digital assets from hackers?
- 58
How can I minimize my tax liability when dealing with cryptocurrencies?
- 49
What are the advantages of using cryptocurrency for online transactions?
- 48
What is the future of blockchain technology?
- 45
Are there any special tax rules for crypto investors?
- 39
What are the tax implications of using cryptocurrency?
- 20
How does cryptocurrency affect my tax return?