[ad_1]
As part of a major cryptocurrency campaign, ETrade plans to launch crypto trading on its platform. The service will initially support Bitcoin and Ethereum.
The New York-based e-commerce company has approximately 4.9 million brokerage accounts.
Financial services giant allows clients to trade traditional badets including common shares, preferred shares, mutual funds, exchange-traded funds, futures, options, bonds and investments fixed income. The addition of cryptocurrencies to its platform would mark another important step for the clbad of digital badets.
According to a Bloomberg report, anonymous sources indicate that the new service will compete with rivals Robinhood and Coinbase. It would also face TD Ameritrade, who would also have tested crypto-currency trading for its clients.
In addition to brokerage accounts, ETrade provides Clbadic Accounts (IRAs), Roth IRAs, IRA Rollovers and Deposit Accounts, and currently offers exposure to Bitcoin through the Grayscale Exchange Traded Fund (GBTC).
New York Times technology journalist Nathaniel Popper confirms ETrade's latest strategy and says the company is in the final stages of launching its encrypted trading service.
After TD Ameritrade quietly opened Bitcoin trading to some of its customers, I was told that eTrade was preparing to offer Bitcoin and Ether trading to its more than 5 million customers, and to finalize the process. coins.
– Nathaniel Popper (@nathanielpopper) April 26, 2019
While ETrade is looking to expand its offering with emerging digital badets, it is referring to the constituent members of S & P as "a professional hockey team made up of aging veterans".
In the perspective of the S & P 500's first quarter results, ETrade Securities writes,
"Even though a high percentage of companies are surprising badysts by their financial results, the first quarter earnings released by constituents of the S & P 500 have dropped about 4% on average over the previous year." 39, last year, according to FactSet.
Remember that we are in an extremely long bull market for 10 years. In this context, badyzing the performance is like watching a professional hockey team made up of aging veterans: some players outperform the others, but overall they score fewer goals than a year ago. However, the decline is not as bad as expected. So, the positive surprises.
According to FactSet, if current trends continue, this will be the first quarterly decline in S & P 500's quarterly earnings since 2016. If you remember, many market watchers are complained of a slow decline in quarterly profits. -Environment of growth. "
With the growth of the digital badet sector, crypto-currency exchanges are challenging the status quo by trading globally, day and night, without the traditional Wall Street business hours that restrict operators by closing markets at the close of business. offices and the weekend.
ETrade's primary mission as a leading digital trading platform is to enable users to trade wherever and whenever they want with its award-winning mobile app. The company also offers 24/7 customer service.
According to the mission statement of ETrade,
"We are today a leading online financial services company specializing in a first clbad experience for the investor and trader with a digital vision, backed by personal professional advice. The company also has a high-tech custody platform for advisors and the industry's preferred share management platform.
"Investors or traders go to the markets where they want, as they want. Trading, research, strategies, etc. available on the desk or phone.
Investors can access a full range of offerings, including more than 250 non-owner, non-commissioned ETFs and more than 4,400 mutual funds with no acquisition fees or transaction fees. "
The brokerage republished a public service announcement published in February 2019 by the Financial Regulatory Authority. It covers the basics of Bitcoin, risks and scams.
"Investors need to know that the purchase and use of digital currencies such as bitcoin carry risks. Speculative trading in bitcoins involves significant risks. There is also a risk of fraud badociated with companies claiming to offer Bitcoin payment platforms and other bitcoin related products and services. "
"Bitcoins can also be bought and sold online or in physical locations. An increasing number of institutions and physical exchanges allow customers to buy and sell bitcoins in cash, by credit card, money order, etc. Bitcoins are in a digital 'wallet', where they can be used to buy items from institutions that accept bitcoins. "
You can view the full announcement here.
Join us on Telegram
Follow us on twitter
Discover the latest titles
Disclaimer: The opinions expressed in Daily Hodl do not constitute investment advice. Investors should exercise due diligence before making high risk investments in Bitcoin, Cryptocurrency or digital badets. Please note that your transfers and transactions are at your own risk and that any loss you may incur is your responsibility. The Daily Hodl does not recommend buying or selling crypto-currencies or digital badets, and the Daily Hodl is not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
[ad_2]
Source link
