TD Ameritrade Drops Major Hint About XRP, Ripple Community Roars in Excitement
TD Ameritrade set the XRP community buzzing this evening when it dropped a major hint about future XRP support on the popular investing platform.
Earlier today, a Twitter user named Jerry Hall (@Jerryvhall1) sent an innocent tweet to the TD Ameritrade Network account (@TDANetwork) asking for their views on possible XRP support in the future:
“I have an account on TD and I love it,” writes Jerry. “I want to thank you for the network – excellent content. I look forward too [sic] using TD Ameritrade to trade digital asset like #XRP – any word on when I can expect to do so??”
You see tweets like this all the time from crypto supporters on Twitter. They fling tweets at random financial giants hoping to get a bite. For once, however, Jerry actually got a bite. TD Ameritrade responded from their official account with an intriguing tidbit of information:
“Glad you’re enjoying our content!” responded TD Ameritrade. “We’re still exploring the #XRP space – stay tuned for more information. Our team is working hard to make things like this happen.”
The tweet quickly gathered hundreds of retweets and likes.
Glad you’re enjoying our content! We’re still exploring the #XRP space – stay tuned for more information. Our team is working hard to make things like this happen.
— TD Ameritrade Network (@TDANetwork) December 11, 2018
XRP, for those out of the loop, has grown to become the world’s second largest cryptocurrency by market cap, surpassing Ethereum last month.
While crypto prices have tanked, XRP hasn’t tanked quite as much as other digital currencies. Meanwhile, adoption of XRP continues to grow among banks, and Ripple – which owns the majority of XRP in existence – continues to expand its blockchain-based offerings.
Could TD Ameritrade Allow Crypto Trading in the Near Future?
It’s no secret that TD Ameritrade is exploring crypto. However, the tweet seems to imply that a crypto product is closer to launch that we may think.
Back in October, it was revealed that TD Ameritrade had made a strategic investment in an exchange called ErisX. That platform would offer bitcoin spot and futures trading. At the time, it was reported that the ErisX partnership would allow TD Ameritrade to list crypto products directly within the TD Ameritrade platform. In other words, customers accessing their ordinary investing platform would be able to easily access crypto products with a few single clicks.
It was big news for the bitcoin market at the time. One of North America’s biggest consumer investing platforms was rumored to be launching crypto products directly within their existing platform. However, because it was the midst of the bear market, it was underreported.
Based on TD Ameritrade’s latest tweet, the company hasn’t abandoned plans to integrate ErisX or some type of crypto product into their platform.
The latest tweet from TD Ameritrade has set off a flurry of buzz within the crypto community. Could TD Ameritrade be the first major mainstream investing platform that allows you to access crypto without dealing with a clunky exchange? It certainly seems possible. We’ll keep you posted on where TD Ameritrade’s crypto products go next – including whether or not they decide to list XRP in the near future.