[ad_1]
The e-commerce company E * Trade Financial Group is preparing to offer cryptocurrency trading on its platform, Bloomberg told reporters on April 26.
E * Trade would start by offering bitcoins (BTC) and ether (ETH), after which other cryptocurrencies will be added.
As one of the largest online trading platforms, E * Trade, which offers cryptocurrency trading, could represent a significant advance for the adoption of cryptocurrency. According to the company's annual report filed with the United States Securities and Exchange Commission (SEC) on December 31, 2018, E * Trade had 4.9 million brokerage accounts and a total balance of margin receivables of 9, $ 6 billion. The total badets of the company exceeds $ 65 billion.
If E * Trade offered cryptocurrency trading, it would join other online securities trading platforms such as Robinhood, which also entered the cryptocurrency space. In May 2018, Robinhood briefly overtook E * Trade in terms of the number of trading accounts on the platform. Baiju Bhatt, co-founder of Robinhood, said at this time:
"Crypto has certainly contributed to our growth. In the next two years, I think Robinhood will look like a consumer credit company offering all services. "
Some badysts have recently said that cryptocurrency is a good long-term investment for institutional investors. Cambridge Associates, specializing in retirement and endowment consulting, wrote:
"Despite the challenges, we think it's interesting that investors are starting to explore this area today with a long-term eye. Although these investments involve a high degree of risk, some may even disrupt the digital world. "
[ad_2]
Source link
