An online trading platform that boasts more than 11 million retail clients has been rumoured to be moving into the crypto industry. TDAmeritrade is believed to be working with Chicago-based crypto exchange ErisX to facilitate offering digital asset buying and selling on its platform.<\/p>\n
The news is just the latest example of an established platform opening up to the crypto asset industry. Previous examples such as those by Fidelity and Bakkt highlight that demand for digital currency-related services is clearly increasing, despite bearish sentiment continuing to abound<\/a>.<\/p>\n According to a report in crypto news resource, The Block<\/a>, TDAmeritrade is moving into the digital asset industry. The publication cites an anonymous source “familiar with the situation” as linking the online trading platform with ErisX, a cryptocurrency trading venue based in Chicago<\/a>.<\/p>\n The story goes that TDAmeritrade is involved with testing how to link up different traditional asset exchanges with the ErisX platform. If true, this could mean that a whopping 11 million retail investors will soon have the opportunity to take on direct exposure to crypto on a platform that they are already highly familiar with.<\/p>\n A spokesperson from ErisX<\/a> declined to give the names of specific partners involved in the testing. However, they did confirm that there was indeed the aforementioned integration testing, which involved creating a “production environment with a limited number of participants to optimise the process in advance of our public launch.”<\/p>\n SCOOP ! ErisX is testing its new crypto exchange, and TDAmeritrade is one firm looking to link up with the markethttps:\/\/t.co\/9M9Pl6DVcJ<\/a><\/p>\n — Frank Chaparro (@fintechfrank) April 24, 2019<\/a><\/p><\/blockquote>\nIs TDAmeritrade Bringing 11 Million Investors to Crypto?<\/h2>\n
\n