• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
Breaking News: How Uniswap Was Deployed On The Binance Smart Chain
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: How Uniswap Was Deployed On The Binance Smart Chain

$30 Billion TD Ameritrade: Crypto is Exactly What Our 11 Million Users Want

Nick Chong by Nick Chong
4 years ago
in Cryptocurrency Technology
Reading Time: 2 mins read
Advertisement

Instead of fazing institutions, the dismal performance of the crypto market and the continued maturation the industry backing has continued to attract well-established firms from across the globe. Most recently, a handful of Wall Street heavy hitters have downed the red pill, revealing that it is time for financial institutions, like themselves, to step out of their comfort zones and enter the cryptosphere.

TD Ameritrade Dives Into Crypto Head On, Watch Out Bakkt

Earlier this week, as reported by NewsBTC, crypto investors across the globe were met with great news, as The Block divulged that Wall Street giant TD Ameritrade, along with other prominent traditional firms, were joining hands to launch a crypto asset investment platform.

For those who haven’t kept in the loop, ErisX, as the platform is known, is slated to become a location for individuals, whether from a retail or institutional background, to trade cryptocurrencies and their derivative counterparts. Initially, for its planned Q2 of 2019 launch, ErisX intends to introduce spot trading support for Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, as long as the platform receives regulatory approval that is.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

But eventually, following the successful release of its spot trading feature, the startup has plans to implement physically delivered futures, which may have a greater effect on the market, as many analysts and industry leaders have come to expect.

As of the time of writing, ErisX has been backed by DRW, Virtu Financial, and, most importantly, TD Ameritrade, which has been valued at over $30 billion in public markets.

TD Ameritrade just went full #crypto. @SteveQuirk_TDA lays out what that means for #bitcoin investors. pic.twitter.com/qSMdrz24fv

— CNBC's Fast Money (@CNBCFastMoney) October 4, 2018

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

As made clear by Steven Quirk, executive vice president of TD Ameritrade’s Trader Group, in a recent CNBC Fast Money episode, the financial institution means business, with the CNBC guest giving an insight into the inner workings of ErisX. Quirk explained that the reason this platform is so promising is due to the firms backing and working on ErisX, elaborating:

“I think the appeal for us is that [ErisX has] the biggest players in the Bitcoin space from a market making standpoint, both DRW and Virtu here, and you also have Cboe in a partnership with NEX. So you have people that are very well versed in this space and what we’re bringing to the table as a strategic investor is a pretty deep understanding of our 11+ million retail clients and what they look for when it comes to a product.”

Leveraging his insider expertise, Quirk, who also works with Ameritrade’s investor education department, went on to explain that investors want a way to gain exposure to crypto markets, but through a regulated entity or vehicle, so ErisX’s futures contract will fit that role perfectly. He added that the futures on this proposed platform will be readily-available for TD Ameritrade’s wide array of customers, and to top it off, will be offered at no extra cost to the consumer in comparison to Cboe or CME’s already-instated crypto asset contracts.

While this platform shows promise, ErisX’s road to glory will likely have its fair share of potholes and roadblocks, as many expect for TD Ameritrade and its partners to face Bakkt, a similar platform supported by the Intercontinental Exchange (ICE), Starbucks, and Microsoft, in a winner takes all scenario. But as with any market, investors across the globe should rejoice, as competition always spurs innovation and development in ways that only work to better the consumer experience.

Featured Image from
Tags: bitcoincryptocryptocurrencyErisXethereumTD Ameritradewall street
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Related Posts

Cardano

Cardano Drops To Lowest Level In Last 7 Days – ADA Bracing For Further Decline?

5 months ago
Bitcoin price

Bitcoin Price Has Strong Potential To Hit $25,000, Weekly Analysis Suggests

6 months ago
Intel old school chip

Intel Doubles Down On Chips, Enters $30 Billion Deal To Build New Factory

7 months ago
Stepn

Stepn GST Token Slides 97% – Despite Fitness App Having 3M Users

9 months ago
The Sandbox

The Sandbox (SAND) Blows Up 20% After Collab With Major Entertainment Firm

9 months ago
Shiba Inu

Shiba Inu Kicks Off Metaverse Project; SHIB Rallies 14% In The Last 7 Days

12 months ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
Coinplay

Coinplay

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

Aave News Points To Head Of Development In Search Of AI Solutions – Avorak AI Proves Itself In ICO Phase

March 20, 2023

New Meme Project Love Hate Inu Raises $1 Million & Enters Stage 2 of Presale

March 20, 2023

TMS Network (TMSN) Holders Enjoy Gains in Presale Attracting New Investors from PancakeSwap (CAKE) And Algorand (ALGO)

March 20, 2023

USD Coin (USDC) And Cardano (ADA) Suffer Losses While TMS Network (TMSN) Explodes in Presales

March 20, 2023

TMS Network (TMSN) Emerges as the New Favorite of Investors, Leaving Filecoin (FIL) and Arweave (AR) in the Dust

March 20, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins
  • Play Finance

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.