Brokerage firm TD Ameritrade invested in the launch of a new regulated cryptocurrency exchange, according to Bloomberg.
Exchange ErisX, developed by Eris Exchange will allow investors to trade Bitcoin, Etherium, Litecoin and Bitcoin Cash and futures cryptocurrency with physical delivery.
Launch exchange is also supported by DRW Holdings and Virtu Financial who own shares in Eris Exchange. TD Ameritrade invested within the cryptocurrency initiative. DRW, whose division of the Cumberland is one of the largest capturadora in the world, and Virtu will be the market makers on ErisX.
Executive Vice President of TD Ameritrade Steve Quark (Steve Quirk) noted that the retail customers of the company seek to access the cryptocurrency products through legal, regulated and transparent exchange.
Currently ErisX is in the process of certifying their products in cryptocurrency trade Commission commodity futures U.S. (CFTC). It is expected that after receiving the approval of the regulator, trade scriptactive at the site will begin in the second quarter of 2019, and derivatives — in the second half.
Recall that previously launched by the operator of the new York stock exchange (NYSE), Intercontinental Exchange company, adjustable cryptocurrency platform Bakkt also plans to start futures trading bitcoin with physical delivery.