There are now countless exchanges that specialize in trading cryptocurrencies. The best-known among them is Coinbase, which generated more than $ 2018 billion in XNUMX. But for many investors, the hurdle to register on one of these exchanges still seems too big. It is therefore important that traditional exchanges also offer trading in digital currencies. As bloomberg reports, eTrade will soon make this possible.
Only futures or "real" cryptocurrencies?
The eTrade Financial Corporation is a trading platform for stocks, ETFs options and futures. The company was founded in 1983 in California, USA. eTrade manages over $ 63 billion of digital assets and generated sales of $ 2018 billion in 2,87. Like the news agency bloomberg learned from an undisclosed source, the platform will soon offer trading in Bitcoin (BTC) and Ethereum (ETH). A person who wants to remain anonymous has leaked this information to bloomberg. In addition to Bitcoin and Ethereum, other cryptocurrencies are to follow in the future. The impact of this offer on the crypto market is unclear. But a stock exchange of this size would not only benefit the prices, but also the image of cryptocurrencies.
The question that many investors face is whether trading cryptocurrencies will be covered with "real" bitcoins, or whether it will only be traded on paper. The latter would rather be futures that do not directly affect the price of a cryptocurrency. Here, only the price of the cryptocurrency is speculated at a certain point in time, but no virtual currencies like Bitcoin are traded. But as Nathaniel Popper, a reporter at NYTimes, learns, there is good news for the crypto community. He writes on Twitter:
"After TD Ameritrade quietly offered Bitcoin trading to some customers, I was just told that eTrade is preparing to offer Bitcoin and Ethereum to its 5 million customers and is hiring a third party to hold the coins. "
In the wake of TD Ameritrade quietly opening Bitcoin trading for some of its customers, I was just told that eTrade is preparing to begin offering both Bitcoin and Ether trading to its 5 million or so customers and is just finalizing a third party to actually hold the coins.
- Nathaniel Popper (@nathanielpopper) 26. April 2019
There is still no official eTrade statement on the rumors. However, we assume that an opinion will follow.
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