TD Ameritrade Announces Progress in Bitcoin Spot & Futures Trading with ErisX Exchange

  • TD Ameritrade waiting on ErisX to complete its product development & gaining regulatory approval
  • “Bitcoin futures trading is available at TD Ameritrade,” for qualified clients
    One of the biggest asset managers in the world TD Ameritrade has been making its way into the cryptocurrency world for quite some time now. One of the involvements has been the company making an investment in ErisX, a platform that offers traders access to cryptocurrency spot contracts and futures contracts on a single crypto exchange.

Per its website, TD Ameritrade will be working with the ErisX team as they develop and launch their crypto trading products.

“This strategic investment is yet another way to demonstrate our ongoing commitment to innovation—and bring our clients a best-in-class investing and trading experience.”

ErisX is a CFTC-regulated derivatives exchange and clearing organization that will offer spot contracts and digital asset futures, making digital currency trading more accessible to traders and investors.

Back in October 2018, TD Ameritrade invested in ErisX and once it completes its product development and obtains regulatory approval, cryptocurrency spot trading will be made available.

Catering to the Huge Demand

However, for now, the asset manager is providing Bitcoin futures trading at TD Ameritrade to qualified clients.

“Bitcoin futures trading is available at TD Ameritrade,” states the company.

As for how one can trade on TD Ameritrade, as it mentions, there are certain qualifications required for CME Group Bitcoin futures trading including a minimum account of $25,000, Tier 2 spread option approval, Futures trading approval, and advanced features and margin enabled.

However, for now, TD Ameritrade doesn’t provide the ability to trade or hold Bitcoin or any other cryptocurrency for that matter directly in TD Ameritrade accounts. It also doesn't provide access to Bitcoin exchange networks.

TD Ameritrade simply offers the ability to trade Bitcoin futures contracts much like they offer future contracts for gold, crude oil, corn, and others.

Just last week, during Consensus event, Steven Quirk, TD Ameritrade executive vice president talked about the enormous interest they are receiving from its clients.

“We get calls, emails, 60,000 clients have traded something in this complex,” said Quirk.

“As soon as you open the door, you’re going to get a lot of people” that are looking to participate in the crypto market,” added Quirk.

All of this latest ErisX and TD Ameritrade news comes on the heels of Bakkt making headlines last week regarding its advancements on coming to the marketplace as well, which is slated for July 2019 as the race to cater towards the institutional investor heats up.

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AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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