Following that broker TD Ameritrade is testing spot-, platform giant E-Trade is reportedly getting in on the action. According to sources, E-Trade is preparing to support and ETH to its 5 million .
E-Trade Getting on The bitcoin Bandwagon
to Bloomberg, an anonymous source claimed the firm would initially offer just and . More currencies, however, could join these two in the future. author, Nathaniel Popper, had also tweeted of the move earlier in the day.
In the wake of TD Ameritrade quietly opening for some of its , I was just told that eTrade is preparing to begin offering both and Ether to its 5 million or so and is just finalizing a third party to actually hold the coins.
— Nathaniel Popper (@nathanielpopper)
According to Popper, E-Trade has only to finalize a custodian service before the finished product is ready for . If confirmed, E-Trade would be one of the largest securities brokers to integrate crypto-.
TD Ameritrade Confirm Current Position
As Bitcoinist earlier this week, TD Ameritrade seems to be testing and LTC spot-trades on NASDAQ via its brokerage platform. This in addition to its already offered .
Popper’s comments also suggest that had been softly rolled out to certain Ameritrade albeit on its ‘Paper-’ simulator platform. However, a tweet from the company’s Twitter account in response set out the official company line:
Presently, we offer access to futures. We are always evaluating new products and services based on client feedback. We appreciate your interest and stay tuned for ongoing updates.
So no official , but stay tuned… great help.
Opening The Floodgates For Institutional Investors
Even talk of such mainstream institutions as E-Trade and TD Ameritrade considering is highly positive for . If one, or both, make any official announcement regarding this, it could further legitimize in the minds of wary investors.
With around 5 million brokerage accounts and assets of over $65 billion, E-Trade enabling and ETH could considerably boost .
Having an institutional-grade spot- solution would also complement forthcoming institutional futures and custodial platforms from firms like and .
Many expect an influx of institutional investment as early as this year, taking and prices to new highs.
Will E-Trade and Ameritrade fully support in the near future? Share your thoughts!
Images via Shutterstock
Published at Sat, 27 Apr 2019 09:55:25 +0000
