RATE Group | TD Ameritrade All-In With Crypto, Invests In Exchange
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TD Ameritrade All-In With Crypto, Invests In Exchange

05 Oct TD Ameritrade All-In With Crypto, Invests In Exchange

Posted at 21:03h in Cryptocurrency News by

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TD Ameritrade is all in with cryptocurrency even if the prices have been plummeting throughout most of this year.

One of the first online brokerage to offer investors access to CBOE World Markets and CME’s bitcoin futures in late December, it announced this week a strategic investment in ErisX, the cryptocurrency spot and futures exchange. While the Omaha, Nebraska brokerage wouldn’t say how much it invested and the stake it acquired as of a result,  it did say customer interest in digital tokens is still high despite the state of the market in 2018.

Likening it to the heady days of the late 1990’s when anything with a .com slapped to its name garnered a lot of interest, Steve Quirk, executive vice president of Trading & Education at TD Ameritrade, said there was a day of reckoning for them similar to what’s going on with cryptocurrency. But just like the tech sector did, the digital token market should recover and surge.  One only needs to look at the popularity of…

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