TDAmeritrade, the second largest online broker in the US, will launch a spot encryption transaction

· Encrypted Exchange ErisX has been testing its new market with its partners, including TD Ameritrade, the second largest online brokerage in the US.

· This means that TD Ameritrade may offer encrypted trading services to its retail customers ( retail investors).

· At the same time, TD Ameritrade has also established a new team focused on cryptographic transactions. ErisX, a Chicago-based crypto exchange, is preparing to launch its spot cryptocurrency market and has been testing recently with companies that want to connect to ErisX.

12

According to people familiar with the matter, TD Ameritrade, the second largest online brokerage company in the US, is one of the companies, which means that TD Ameritrade may soon offer encrypted trading services to its 11 million retail customers. A spokesperson for ErisX declined to comment on a particular partner and stated in a public statement that the company has been in a production environment with a certain number of participants in order to optimize the entire process before it is released. ”

The spokesman added:

“Testing is a must-have for us and our customers, and we're always working to create the strongest and most transparent market for digital assets.”

As for TD Ameritrade, this is not the first time it has been involved in digital assets, and it was one of the first brokers to offer bitcoin futures trading to its retail customers. It is also a strategic investor in ErisX, and other investors include dealers such as DRW, Virtu Financial and Susquehanna International Group.

ErisX is preparing to launch cryptocurrency spot and derivatives trading later this year and is currently awaiting regulatory approval. If TD Ameritrade successfully launches this product, it will be one of the first large brokers to offer encrypted transactions, after San Francisco's zero commission broker Robinhood has launched the deal.

In addition, according to internal company news, TD Ameritrade has created a new encryption team. Peter deSilva, president of the company, said in an email to employees that Sunayna Tuteja will be the company's digital asset manager. It is reported that Tuteja will be “responsible for building scalable blockchains and specific encryption services, including corporate partnerships, investments and products, to leverage blockchain technology.” Previously, she was responsible for retail partnerships and emerging product teams.

However, a spokesman for TD Ameritrade did not respond.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

The coin was stolen for the first time, and the 7000BTC was missing.

On the morning of May 8, the world-renowned cryptocurrency exchange currency announced that the currency security was...

Blockchain

Interview with BitMax.io Cao Jing: Compliance, Localization and Traffic Integration, Exchange Status and Future

On October 19th, at the 1st anniversary of the BitMax.io exchange, Jingwei China Partner Harry, Sequoia Capital Partn...

Blockchain

The pace of competition is accelerating, how can the new exchange break with the finer operations?

The cryptocurrency exchange is still a good business. Recently, the Currency Exchange announced the eighth BNB quarte...

Blockchain

Exchanges are temporarily withdrawing cash, data is garbled, or the Amazon server failure in Tokyo

According to Yahoo Japan, the Amazon Web service failed at around 13:00 on August 23, 2019. The service that failed w...

Blockchain

How to "shock reduction" The risk control method of the head digital currency institution

Text | Editing by Li Zheweng | Produced by Bi Tongtong | PANews Risk is a word derived from the Italian word "RI...

Opinion

a16z evaluates the regulation of Web3 in the United States The regulatory situation is much more optimistic

This article analyzes and rates cases involving Coinbase, Uniswap, ZeroEx, OPYN, and Deridex, and finds that the regu...