Interactive Brokers Reports Highest Level Ever of Margin Amid Concerns Over Crypto Market, Says Thomas Peterffy

Interactive Brokers ($IBKR) has reported that margin levels in retail accounts have reached unprecedented heights. The company's Chairman, Thomas Peterffy, emphasized that this is the highest level of margin ever recorded, stating, "Margins are unfortunately up every day." He also remarked on the current market environment, particularly highlighting challenges in the cryptocurrency sector, which he described as being "based on nothing" and likened to "hot air." The CEO of Interactive Brokers echoed these sentiments, noting that margin levels continue to grow daily, indicating a trend that raises concerns about market sustainability.