TD Ameritrade invests in ErisX – new crypto exchange for trading physical Bitcoin, Bitcoin, Cash, Ethereum & Litecoin Futures
Home News TD Ameritrade invested in ErisX – new crypto exchange for trading physical Bitcoin, Bitcoin, Cash, Ethereum & Litecoin Futures
Marcus Misiak –
The TD Ameritrade Holding Corporation announced on Wednesday that she has been able to act made a strategic investment in ErisX, a new regulated crypto-currency exchange to the investors in Bitcoin, Ethereum, Bitcoin, Cash and Litecoin, as well as Futures contracts for these crypto-currencies. The Futures will be offered, subject to approval by the Supervisory authorities in the USA, physically.
The Retail Brokerage TD Ameritrade Holding Corp (AMTD.O) said on Wednesday that it has invested in a new crypto currency exchange called ErisX. In addition to AMTD.O should also have Virtu, Valor Equity Partners, Cboe Global Markets Inc, Digital Currency Group, Pantera Capital, Susquehanna International Group and ED&F Man invested in the Capital Markets, Inc.in the new exchange.
TD Ameritrade is a 1975 based, innovative Broker that first offered the shares trade over the telephone, trading over the Internet, as well as the trade with mobile devices in the United States. Currently, TD has Ameritrade more than 11 million customer accounts with a total assets of more than 1.2 trillion US dollars, as well as a escrow service for the more than 6,000 registered investment advisers. The Broker is, in particular, in the U.S. Retail sector leader, with an average of more than 780,000 Trades per day.
Bitcoin, Bitcoin, Cash, Ethereum & Litecoin Futures
TD Ameritrade customers can already trade Bitcoin Futures the CBOE Futures Exchange. ErisX to the customers of AMTD.O but allow you to trade other crypto currency, Futures contracts, such as Ethereum, Bitcoin, Cash, and Litecoin.
ErisX plans to launch spot trading in the first half of the year 2019. The physically delivered Futures contract for Bitcoin, Bitcoin, Cash, Ethereum and Litecoin will be in the year 2019 (second half of the year). The Futures are remarkably delivered physically, which means that the delivery of the contracts, not in cash, but the tatsählichen crypto-currency. The approval of the BTC, BCH, ETH and LTC Futures is subject to the U.S. Commodity Futures Trading Commission (CFTC), which must be issued by the CFTC.
In contrast to the project of the ICE, Bakkt, which is mainly aimed at institutional investors, aims for the ErisX, also individual and small investors, trading with crypto-Futures. In the context of the press release on Businesswire JB Mackenzie, Managing Director, Futures & Forex at TD Ameritrade, said that the investment through TD Ameritrade:
As a strategic Investor of the Initiative, we look forward to working with the Team of ErisX in the development and introduction of digital currency products, which are tailored to the needs of private investors. ErisX Plan is to offer traders access to crypto-currency spot contracts and futures contracts on a single stock exchange.
In spite of this, a very positive message to the crypto currency market is currently showing no signs, to respond to this message. The Bitcoin price is for the editors time at 6.510 USD and has lost 0.60 percent in the past 24 hours.