Share this article
Retail Brokerage TD Ameritrade Backs New Crypto Exchange
TD Ameritrade is reportedly investing in ErisX, a new cryptocurrency exchange built by derivatives market provider Eris Exchange.
By Nikhilesh De
Updated Sep 13, 2021, 8:27 a.m. Published Oct 3, 2018, 2:20 p.m.
Brokerage firm TD Ameritrade is investing in a brand new cryptocurrency exchange, Bloomberg reported Wednesday.
Dubbed ErisX, the exchange will allow investors to trade bitcoin, bitcoin cash, ethereum, litecoin and bitcoin, as well as bitcoin futures, a spokesperson told the news source.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The exchange, built by derivatives market provider Eris Exchange, is also backed by DRW Holdings and Virtu Financial.
Adding more detail, the report indicates that the futures contracts traded by the exchange in particular will be physically delivered, not cash-settled.
Moreover, while at present TD Ameritrade customers can trade bitcoin futures contracts through the Cboe market, managing director J.B. Mackenzie told Reuters that ErisX may also allow customers to trade ethereum and litecoin futures eventually.
TD Ameritrade executive vice president of trading and education Steve Quirk told Bloomberg that "our retail clients are seeking to access and trade digital currency products in the same way they do with traditional capital markets – through a legitimate, regulated and transparent exchange."
ErisX is currently in the process of self-certifying its futures contracts with the U.S. Commodity Futures Trading Commission (CFTC), and will clear its derivatives products through its parent firm's clearinghouse if and when it is approved.
Should the CFTC give ErisX the go-ahead, it will begin cash-trading processes sometime from March to June next year, and begin trading derivatives in the second half of the year.
TD Ameritrade image via Jonathan Weiss / Shutterstock
Більше для вас
Що варто знати:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Більше для вас
Bitcoin Faces Japan Rate Hike: Debunking The Yen Carry Trade Unwind Alarms, Real Risk Elsewhere
Speculators maintain net bullish positions in the yen, limiting scope for sudden JPY strength and mass carry unwind.
Що варто знати:
- Impending BOJ rate hike largely priced in; Japanese bond yields near multi-decade highs.
- Speculators maintain net bullish positions in the yen, limiting scope for sudden yen strength.
- BOJ tightening may contribute to sustained upward pressure on global yields, impacting risk sentiment.
Top Stories
