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American brokerage firm TD Ameritrade invests in a new stock exchange cryptocurrency

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TD Ameritrade brokerage firm announced that it will support the new cryptocurrency exchange ErisX.

TD Ameritrade, which currently provides investment services to 11 million customers, does not disclose the details of the transaction. However, according to the statement, the investment company DRW Holdings and high-speed trader Virtu Financial are also involved in the investments. Both agreed to become market makers for ErisX, which can help provide a book of deep order.

ErisX, the reboot of the traditional futures market Eris Exchange, launched back in 2010, is about to announce its business plan. The platform is expected to launch a direct sale of cryptocurrency along with futures contracts in early 2019. According to the source, this will allow investors to trade Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC).

The head of currency trading in TD Ameritrade JB Mackenzie said that the brokerage firm intends to convert cryptocurrency into "what investors need in a regulated space."

According to the source, another TD Ameritrade spokesman, Executive Vice President, Trade and Education, Steve Quink, said that the brokerage company’s customers showed interest in token trading, noting:

“Our retail customers seek to access and trade digital currency products in the same way as traditional capital markets through a legal, regulated, and transparent exchange.”

Author: Olga Novikova, Freedman Club Crypto News Analyst
Image from Fotolia

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TOP 10 CRYPTOCURRENCY

#NamePriceMarket CapChangePrice Graph (24h)
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  • bitcoinBitcoin (BTC) $ 23,298.00
  • ethereumEthereum (ETH) $ 1,702.75
  • cardanoCardano (ADA) $ 0.518204
  • polkadotPolkadot (DOT) $ 8.98
  • litecoinLitecoin (LTC) $ 60.09
  • chainlinkChainlink (LINK) $ 8.49
  • stellarStellar (XLM) $ 0.122523
  • bitcoin-cashBitcoin Cash (BCH) $ 136.81