Brokerage firm TD Ameritrade has announced that it will support a new cryptocurrency exchange ErisX.
TD Ameritrade, which currently provides investment services to 11 million customers, did not disclose details of the deal. However, according to the statement, the investment company DRW Holdings and high-speed trader Virtu Financial also participate in the investment. Both agreed to become market makers for ErisX that can help provide a book of deep order.
ErisX, reboot traditional market futures Eris Exchange, released in 2010, is going to announce its business plan. It is expected that the platform will start a direct selling crypto-currencies, along with futures contracts in early 2019. According to the source, this will allow investors to trade Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC ).
Head of currency trading at TD Ameritrade, J. B. Mackenzie reported that the brokerage firm intends to convert the cryptocurrency to “what investors need in the regulated space.”