Interactive Brokers hits record high after allowing 24/7 funding with stablecoin
Shares of Interactive Brokers IBKR.O rise 4.8% to $74.79 after allowing eligible clients to fund their brokerage accounts using stablecoin
IBRK rose to a record intraday high of $75.24 and is on track for two straight sessions of gains
"This new capability provides near-instant processing and 24/7 availability, including weekends and holidays, enabling clients to deposit funds and begin trading across 170 global markets within minutes of initiating a transfer," co says
Co-founder and Chairman Thomas Peterffy told Reuters in an interview he expects growth to accelerate this year for the prediction markets platform as Americans bet on the U.S. midterm elections in November
Ten analysts rate stock "buy" on average; median PT is $82 - data compiled by LSEG
IBKR up 16.6% YTD vs NASDAQ Composite Index's .IXIC 1.7% increase
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