E-TRADE LAUNCHES CRYPTOCURRENCY TRADING

The brokerage company E-Trade Financial Group plans to provide clients with the opportunity to trade cryptocurrencies on its platform.

According to the latest information, the company will first offer Bitcoin and Ether trading, but later other crypto assets will be added to the platform. However, representatives of E-Trade refused to comment on this information.

E-Trade is one of the largest brokerage firms in the market. The company serves almost 5 million customer accounts. Over the past year, according to a report of Securities and Exchange Commission (SEC), E-Trade earned $9.6 billion, and the total amount of assets of the company exceeds $65 billion. The appearance on the platform of digital currencies is a sign of the adoption of the digital assets in the financial industry.

Note that last year one of the competitors of E-Trade – Robinhood platform – announced the provision of crypto asset trading in five states of the USA, and earlier this year the company received BitLicense to provide services related to crypto assets in the state of New York.