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

Exchange Real Volume Report (on) | TokenInsight

Summary of points: 1. According to the report, 36% of the exchanges (11) have a real trading volume ratio higher than...

Blockchain

Did Michael Lewis's reputation 'crash' by showing mercy to SBF?

Source New York Times Compiled by LianGuaiBitpushNews Mary Liu Hiking is a common interview format for Michael Lewis....

Blockchain

OTC is a hotbed of money laundering, can the exchange stay out of the way?

What should I do if my account is accidentally frozen? The over-the-counter market (OTC) is becoming more and more at...

Blockchain

The undead black swan: from ICO to IEO

If you want to discuss the biggest hot spot in the currency this year, many people will say that it is IEO. The curre...

News

Visit: What is behind the brush of the digital currency exchange?

Recently, TokenInsight released the blockchain industry report "Exchange Real Estate Volume Report (I)" poi...

Blockchain

Bybit Airdrop Gifts are available for a limited time! Teach you how to receive 1632 USDT in 10 minutes!

Bybit, this is a professional derivatives exchange with nearly 70% overseas users, with a daily trading volume of mor...