TD Ameritrade Might Add Support for XRP After Its Success with Bitcoin Futures

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Mon, 12/30/2019 - 07:30
Alex Dovbnya
TD Ameritrade might consider adding support for the XRP cryptocurrency as its continues to explore new options
Cover image via 123rf.com
Contents

Online brokerage giant TDAmeritrade might add support for the XRP cryptocurrency, according to its latest tweet.

When asked whether or not it planned to list the third biggest cryptocurrency, the company replied that they only offered support for CME's Bitcoin futures but they would consider "additional opportunities." The company didn't provide any insight into what cryptocurrencies it plans to onboard next. 

Related
Nobody Buys XRP to Give Ripple Money: David Schwartz

Still exploring   

This is not the first time that TD Ameritrade teased the #XRPAmry with the possible addition of their favorite cryptocurrency. Back in December 2018, the company claimed that it was still exploring the XRP space.  

The price of XRP has plunged by more than 33 percent since that tweet was posted.  

Related
Ripple's XRP Called 'Brilliant Technology' That Thrives Off SWIFT's Failures by Prominent Economic Analyst

Not a fad

The $1 trln brokerage giant, which was acquired by Charles Schwab this November, became the first traditional financial services company to start offering its clients access to Bitcoin futures products that were launched by Cboe and CME in late 2017. Back in July, TDAmeritrade CEO Tim Hockey touted great demand for Bitcoin futures, claiming that their clients "were asking for it."

In 2017, the leading brokerage firm made an investment in crypto derivatives platform ErisX that, according to Hockey, could allow TDAmeritrade's clients to directly trade cryptocurrencies on the platform. 

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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