Prominent Brokerage To Allow bitcoin & Ethereum Trading: Sources
A new round of may have just swept over the market, but the underlying growth of hasn’t ceased. According to a from Bloomberg, who cites sources familiar with the following situation, E*Trade Financial Corp, a prominent New York-based platform, will soon allow users of its platform to trade () and (ETH). The anonymous source added that if the launch of the two aforementioned assets goes well, E*Trade may consider “adding other currencies in the future.”
The New York Times corroborated this , which is the latest in a string of positive developments for infrastructure. In a tweet posted on the subject matter, Nathaniel Popper, the business outlet’s resident and specialist, explained that his sources are releasing information similar to that seen in the Bloomberg post. Popper’s insiders did add a tidbit of their own, however, as the reporter did explain that E*Trade is being held by finding a proper third party/custody solution to secure the , , and other digital assets purchased and sold.
If this is true, over five million investors will soon see and ETH tickers appear in their E*Trade portals. Sure, five million is far from the worldwide that some optimists are waiting for with bated breath, but many are adamant that this will spark a hefty amount of renewed interest in . As industry commentator Anton Pagi noted, this is “YUGE” and is very likely a piece of “megalithic” .
TD Ameritrade May Soon Support Crypto Too
While this E*Trade situation is monumental in and of itself, other reports have revealed that TD Ameritrade, another legendary brokerage in the U.S. market, is also looking directly at .
As we earlier, quantitative analyst Cryptopolis explained that after he saw a pair on TD Ameritrade, and then discussed the matter with a support staffer at TD Ameritrade. After that discussion, Cryptopolis came to the conclusion that the institution was likely testing and LTC on the paper side, potentially in preparation of launching an actual spot exchange. Funnily enough, this may be the case.
Per The Block, who cited sources familiar with the matter, ErisX, an up-and-coming, Chicago-based initiative that has recently embarked on a hiring spree, will soon launch its own exchange platform. This is notable, as TD Ameritrade is one of the platform’s strategic partners and investors and is expected to be a bridge between retail investors and ErisX.
It was also explained that according to an internal note from President Peter deSilva, executive Sunayna Tuteja will be taking up the mantle as the Head of Digital Assets, implying that there is a division in the works/already established.
deSilva claims Tuteja will be responsible for “building a scalable and crypto practice” through partnerships, investments, and products to “harness the growing power of .”
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Published at Sat, 27 Apr 2019 02:37:11 +0000