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Wednesday, October 3, 2018

Stock giant TD Ameritrade becomes the latest to set their eyes on the cryptocurrency market...

Online stock brokerage firm TD Ameritrade touts $38.627 Billion in assets held for their investment clients - now they're the latest to want a piece of the emerging cryptocurrency sector.

They're doing this a little differently from other stock brokerage firms which are looking to add cryptocurrency options to their clients using their existing platforms.  TD Ameritrade instead has invested in a little-known new exchange called ErisX.

“We wanted to find a platform that would be fully regulated, and something that has that capital markets feel” said JB Mackenzie, the head of futures and foreign exchange trading at TD Ameritrade.

ErisX supports trading, deposits and withdrawals for bitcoin, bitcoin cash, ethereum, and litecoin.

"We listened to our customers — what we continued to hear was that they wanted access to trade digital currency products." added Mackenzie.

ErisX is also soon planning to offer Bitcoin futures, pending approval from the CFTC.
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Author: Adam Lee 
Asia News Desk