Interesting times are ahead as institutional players acknowledge the power of Bitcoin and crypto despite the crypto market crash. With the focus on establishing a standard for the trading venue and custody platform, these players are working on creating a “trusted platform.”
The Potential of Bitcoin & Crypto can’t be Ignored
While Bitcoin crashed over 80 percent in 2018, crypto market attracted institutional interest. In a recently posted video, TD Ameritrade Manager of Trading Strategy Shawn Cruz said that TDA clients’ interest in Bitcoin has rekindled with the drop in Bitcoin price below $4k.
“At TD Ameritrade, we offer Bitcoin futures trading for our clients. We saw them get very interested when we volume spiked when it was around $10,000. On this pullback lower, there really wasn’t much activity from our client base. But now that we’re getting down to this 3 or $4,000 price level on Bitcoin, we’re starting to see our clients become more interested in trading Bitcoin again. So…
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