Interactive Brokers (IBKR) shares rose 2.20% to $74.90 following Chairman Thomas Peterffy’s presentation at the BofA Securities Financial Services Conference, where he detailed the firm's expansion into new digital asset markets. Analysts maintain a 'Strong Buy' rating on the stock, highlighting its superior operating leverage and growth potential.
- The firm is aggressively diversifying into prediction markets and crypto derivatives through a partnership with Coinbase.
- January operational metrics showed significant growth, featuring a 27% year-over-year increase in Daily Average Revenue Trades (DARTs).
- Despite competition from peers like Robinhood, the company continues to gain momentum through its expansion into niche digital assets.