Head broker Interactive Brokers recently announced a new move — the platform now supports USDC stablecoin deposits. This means users can directly deposit USDC into their accounts via the Ethereum, Solana, and Base blockchains, avoiding the long detour.
However, be sure to calculate the fees carefully — each conversion incurs a 0.3% fee. While not particularly expensive, it shouldn't be overlooked. More importantly, there are quota limits — a maximum of $25,000 per day and a monthly cap of $250,000.
Here's a detail to note: funds deposited via stablecoins are subject to a 30-business-day lock-up period, during which they cannot be withdrawn. This means if you're a short-term trader, you need to plan your funds in advance and avoid being blocked by this time window. Overall, this is another example of traditional financial institutions embracing on-chain assets, providing users with a new operational option.
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All-InQueen
· 8h ago
30-day lock-up period? Who would want to use that? Short-term trading is just not feasible.
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SillyWhale
· 8h ago
30-day lock-up period? That's traditional finance for you, making a big deal out of nothing.
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TokenomicsTinfoilHat
· 9h ago
30-day lock-up period? Isn't that just a disguised fund freeze, short-term players can bypass it directly.
Interactive Brokers wants our USDC, but the conditions are too many.
0.3% fee + quota restrictions + lock-up period, it feels more cost-effective to just use CEX.
Traditional institutions' Web3 adoption always comes with a bunch of conditions.
This update is just for entertainment; true freedom still depends on self-custody.
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GamefiGreenie
· 9h ago
The 30-day lock-up period is really amazing. Isn't this just a disguised way of freezing funds?
Head broker Interactive Brokers recently announced a new move — the platform now supports USDC stablecoin deposits. This means users can directly deposit USDC into their accounts via the Ethereum, Solana, and Base blockchains, avoiding the long detour.
However, be sure to calculate the fees carefully — each conversion incurs a 0.3% fee. While not particularly expensive, it shouldn't be overlooked. More importantly, there are quota limits — a maximum of $25,000 per day and a monthly cap of $250,000.
Here's a detail to note: funds deposited via stablecoins are subject to a 30-business-day lock-up period, during which they cannot be withdrawn. This means if you're a short-term trader, you need to plan your funds in advance and avoid being blocked by this time window. Overall, this is another example of traditional financial institutions embracing on-chain assets, providing users with a new operational option.