Update: TD Ameritrade has clarified that its Bitcoin futures are available to professional clients only.
US brokerage giant TD Ameritrade has added a detailed look at Bitcoin futures trading on its website.
The site touts the trading option, which uses CME Group’s Bitcoin futures market and requires investors have at least $25,000 in their account.
Here’s a look at the full list of requirements needed to trade Bitcoin futures on the platform.
- Margin enabled
- Tier 2 spread option approval
- Advanced features enabled
- Futures trading approval
- Account minimum of $25,000
TD Ameritrade currently has $1.27 trillion in assets under management.
The company has previously 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 is also an investor 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.[the_ad id="42537"] [the_ad id="42536"]