US Brokerage Giant TD Ameritrade Exploring XRP and Cryptocurrency for Retail Investors
US brokerage giant TD Ameritrade is exploring whether it should bring XRP and other cryptocurrencies to its 11 million retail investors.
In response to a question about whether it will give its clients the option to trade XRP, the firm’s live broadcast financial network said it’s “working hard to make things like this happen.”
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
This isn’t the first time TD Ameritrade has revealed its interest in cryptocurrency.
In October, the firm invested in ErisX, a new regulated cryptocurrency exchange for spot and futures trading opened by Eris Exchange, a Chicago-based derivatives market.
ErisX is designed to offer traders access to cryptocurrency spot contracts as well as futures contracts on a single exchange. Spokeswoman Jessica Darmoni says it will allow investors to trade Bitcoin, Ether, Bitcoin Cash and Litecoin, in addition to futures contracts on cryptocurrencies.
At the time, TD Ameritrade said its retail clients “are seeking to access and trade digital currency products in the same way they do with traditional capital markets – through a legitimate, regulated and transparent exchange.”
TD Ameritrade’s 11 million client accounts add up to about $1.2 trillion in assets.