Online brokerage firm TD Ameritrade announced that it will begin processing bitcoin futures trades for clients a week after their initial launch on Chicago derivatives exchange CBOE.
The announcement is significant because, like many high-profile brokerage firms, TD Ameritrade was hesitant to allow their clients to have access to bitcoin futures until the markets proved themselves to be orderly.
Consequently, although the first week of trading was a moderate success for an asset class as nascent as cryptocurrency, volumes were less robust than they might have been if investors had full access to the market. CBOE handled about $60 million in daily bitcoin futures trading volume during their debut week, far less than the $8 to $10 billion traded on spot bitcoin exchanges located around the world.
Source: http://strategiccoin.com/td-ameritrade-clients-can-now-trade-bitcoin-futures/
The announcement is significant because, like many high-profile brokerage firms, TD Ameritrade was hesitant to allow their clients to have access to bitcoin futures until the markets proved themselves to be orderly.
Consequently, although the first week of trading was a moderate success for an asset class as nascent as cryptocurrency, volumes were less robust than they might have been if investors had full access to the market. CBOE handled about $60 million in daily bitcoin futures trading volume during their debut week, far less than the $8 to $10 billion traded on spot bitcoin exchanges located around the world.
Source: http://strategiccoin.com/td-ameritrade-clients-can-now-trade-bitcoin-futures/
