Crypto Exchange ErisX Gets Backing from TD Ameritrade

Citing interest from their institutional investment clients, TD Ameritrade announced today that they have made a “strategic investment” in cryptocurrency exchange, ErisX, to provide access to digital asset futures and spot contracts. 

TD Ameritrade, which currently provides investment services to up to 11 million clients, did not reveal the details of the deal. However, according to Bloomberg, investing company DRW Holdings and high-speed trader Virtu Financial are also participating with investments. Both agreed to be market makers for ErisX, which might help ensure a deep order book, Bloomberg writes.

Ana Berman – Cointelegraph
US Brokerage Firm TD Ameritrade to Invest in New Crypto Exchange