E*Trade and TD AmeriTrade Reportedly Entering Cryptocurrency Market

Two reports emerged recently that the large financial trading groups E*Trade and TD AmeriTrade will be entering the cryptocurrency markets in a limited capacity.

The first was an anonymous report that ETrade “is getting ready to let customers trade cryptocurrencies on its platform” and “will start by adding Bitcoin and Ethereum, and will consider adding other currencies in the future”. ETrade has around 4.9 million customers, total margin receivables balance of $9.6 billion, and total assets over $65 billion. This would make it a strong competitor within the cryptocurrency sector, even against market leaders such as Coinbase and Robinhood, which also recently integrated cryptocurrency trading.

Reference: https://dashnews.org/etrade-and-td-ameritrade-reportedly-entering-cryptocurrency-market/

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Author: Neo Anderson

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