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

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Mon, 12/30/2019 - 07:30
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  • 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. 

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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.  

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

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.

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$61 Mln Worth of BTC Shorts Liquidated on BitMEX as Bitcoin Bulls Savour Taste of Revenge

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Thu, 04/02/2020 - 19:10
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  • More than $61 worth of Bitcoin (BTC) shorts have been wiped out on BitMEX an extremely volatile day

Cover image via U.Today
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The Bitcoin bulls have managed to score their first major victory since the 38 price collapse on March 12. On Apr. 2, the price of the leading cryptocurrency jumped to an intraday high of $7,273 at 17:03 UTC. 

As a result, more than $61 mln worth of BTC shorts has been wiped out on the BitMEX derivatives exchange, according to data provided by Datamish.    

BitMEX
image by datamish.com

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A minor victory    

According to the BitMEX liquidation bot, some deep-pocketed bears recorded humongous losses with one unfortunate trader squandering at least $100,000 (implying that he used the maximum 100x leverage). 

Still, the $61 mln figure cannot hold a candle to the bull massacre that happened on 'Black Thursday' when an eye-popping $700 mln of leveraged BitMEX positions that were liquidated in one day

The bulls staged a significantly more impressive comeback exactly one year ago when $500 mln worth of shorts were wiped out after a surprising 20 percent pump. 

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A local top?

After its 14 percent rally, Bitcoin has evaporated almost all of its recent gains in tandem with other assets. This shows that Bitcoin is still on very shaky ground, currently trading at $6,764.    

Bitcoin Price
image by tradingview.com

However, the Dow is currently in the green, which means that BTC no longer moves in lockstep with U.S. equities.    

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.

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