Speed ​​of light hits the face! US securities giant TD Ameritrade has not launched bitcoin futures trading

Despite the oolong, TD Ameritrade's launch of bitcoin futures trading is already a matter of course.

At 13:05 pm on July 23, eToro market analyst Mati Greenspan (rejoicingly) said that US securities giant TD Ameritrade has opened bitcoin futures trading.

If TD Ameritrade comes true, it will be the same as Bakkt's launch of Bitcoin futures.

However, after only two hours, a large rollover scene appeared. The analyst said in the latest Twitter that TD Ameritrade has not launched a new bitcoin futures transaction:

very sorry. It seems that I am a little too anxious. This product is for professional customers only and has been on the market for a while. There are rumors that they will be open to the public, but it seems that we need to wait for a while.

Shallot found that TD Ameritrade's official website shows that if you want to trade Bitcoin futures at TD Ameritrade, users need to obtain the qualifications and licenses for CME Bitcoin futures trading, including opening a minimum of $25,000, obtaining approval for futures trading, and launching a margin. This means that TD Ameritrade only provides this service to professional institutions/customers.

In addition, Shallot found that The Block analyst Larry Cermak also said on Twitter that this is not the case. The pages shared by Greenspan originated a few months ago. Cermak pointed out that in fact, the Bitcoin Futures page on the TD Ameritrade website has been in existence for at least a year.

Introducing bitcoin-related business or just a matter of time

Despite the oolong, TD Ameritrade seems to be interested in cryptocurrencies, launching related business or just a matter of time, and the big possibility is to launch in the second half of this year.

In April of this year, Litecoin founder Li Qiwei noticed that TD Ameritrade is testing BTC and LTC transactions on its brokerage platform.

Ambcrypto also reported that TD Ameritrade announced in May that it would launch cryptocurrency transactions on its parent platform. According to official statements, they have invested in ErisX and will work with ErisX to jointly develop and launch cryptocurrency trading products and plan to offer cryptocurrency spot contracts and futures contracts.

In addition, DCG founders have said that mainstream financial services companies Fidelity Investments, TD Ameritrade, Bakkt and E* Trade plan to offer cryptocurrency trading services to institutional and retail investors in the second half of 2019.

TDAmeritrade is one of the largest Internet brokers in the United States, providing brokerage services and related financial technology services, both as a trader and as an independent registered investment adviser.

It is the first brokerage to offer button trading, internet trading, unlimited free real-time quotes, and the first broker to expand trading hours and connect directly to the market. In the past 40 years since its establishment, it has expanded its business through a series of innovations and acquisitions, and currently has 6 million accounts.

Source: Shallot blockchain