As the cryptocurrency market continues to evolve, so too does the way investors are able to trade these assets. One of the most popular online brokerages, TD Ameritrade, has recently announced that it will offer bitcoin futures trading on its platform.
This move could make it easier for Main Street investors to trade digital currencies without having to go through a cryptocurrency exchange.
Bitcoin futures contracts were first introduced in December of 2017 by the Chicago Mercantile Exchange (CME). Since then, they have become one of the most popular ways for investors to trade cryptocurrencies.
Currently, TD Ameritrade is one of the few online brokerages that offer access to bitcoin futures.
The addition of bitcoin futures trading on TD Ameritrade’s platform is significant because it could make it easier for Main Street investors to trade digital currencies. Up until now, most investors who wanted to trade cryptocurrencies had to go through a cryptocurrency exchange.
These exchanges can be difficult to use and are often unregulated.
By contrast, TD Ameritrade is a well-established and regulated financial institution. The addition of bitcoin futures trading on its platform could make it more accessible for Main Street investors.
It remains to be seen how popular bitcoin futures trading will be on TD Ameritrade’s platform. However, the move could help legitimize cryptocurrencies and make them more mainstream.
TD Ameritrade does not currently offer Bitcoin Futures trading but according to their website, they are “closely monitoring” the cryptocurrency market.