Broker TD Ameritrade started trading in BTC futures

American brokerage giant TD Ameritrade announced the start of trading in bitcoin futures, reports Coingape.

In March 2019, TD Ameritrade Executive Vice President Stephen Quirk reported that the company receives calls and emails from its customers who express a desire to tie futures to cryptocurrency.

From this point on, work began on an open platform that allows you to occupy an appropriate place in the cryptocurrency market.

According to the September reports, TD Ameritrade estimated the share capital of more than $ 1.2 trillion, and, officially opening the doors of BTC, is ready to serve many people.

Bitcoin futures trading is already available on TD Ameritrade. The quotes and trading opportunities of these futures products are available on our thinkorswim platform and in the TD Ameritrade Mobile Trader application.

Ameritrade is one of the oldest and largest online brokers in the United States. As of September, customer capital amounted to $ 1.279 trillion.

Now the gate for BTC is officially open, ”tweeted eToro senior analyst Mati Greenspan.

At the beginning of July 2019, ErisX, supported by TD Ameritrade, received a license from the US Commodity Futures Trading Commission (CFTC) to offer crypto derivative products in the network.

The License for the Derivatives Clearing Organization (DCO) license is one of the parallel approvals for the existing “designated contract market” (DCM) license that ErisX already had.

In early July 2019, ErisX, supported by TD Ameritrade, received a license from the US Commodity Futures Trading Commission (CFTC) to offer crypto derivatives on the network.

The License “Derivatives Clearing Organization (DCO)” is one of the parallel approvals of the existing “Designated Contract Market” (DCM) license that ErisX already had.

At the moment, TD Ameritrade clients can access Bitcoin-related futures contracts by following the procedure described on the company’s website.

However, along with the start of testing the BTC contracts for Bakkt, this did not affect the price of Bitcoin, which fell below $ 10,000, being at the time of writing the article at $ 9,959.

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