Interactive Brokers Supports Crypto Startup Zerohash in $104M Funding Round

Interactive Brokers is reportedly backing Zerohash, a cryptocurrency startup, through a $104 million funding round. This round purportedly values the company at around $1 billion. Reports suggest that this move highlights the increasing interest from traditional financial institutions in the cryptocurrency sector. Zerohash is developing novel technologies aimed at enhancing the efficiency and security of cryptocurrency trading. It is anticipated that this funding will enable Zerohash to accelerate its product development and expand its operational scope. Interactive Brokers’ investment marks another significant indicator of institutional adoption of cryptocurrencies and related technologies. Zerohash aims to provide innovative solutions in the continuously growing cryptocurrency market, while Interactive Brokers’ backing could solidify the company’s position in the field. This potential partnership sparks considerable anticipation about the future of innovation in the cryptocurrency space.