US Stock Broker E*Trade to Launch Bitcoin and Ether Trading: Report

Online stock brokerage E*Trade is preparing to launch cryptocurrency trading services, according to Bloomberg sources.

AccessTimeIconApr 29, 2019 at 8:00 a.m. UTC
Updated Aug 18, 2021 at 11:15 p.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Online stock brokerage E*Trade Financial is said to be preparing to launch cryptocurrency trading services.

A Bloomberg report on Saturday, citing “a person familiar with the matter,” said that E*Trade will initially add trading support for bitcoin (BTC) and ether (ETH), with more cryptocurrencies to be added in the future.

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • The U.S. brokerage is also reportedly finalizing a third party to hold the cryptocurrencies, Nathaniel Popper, tech reporter at The New York Times, tweeted Friday.

    Founded in 1982, Nasdaq-listed E*Trade has close to 4 million customers. Last year, the firm also launched trading in bitcoin futures from CME Group for customers.

    Traditional financial players are increasingly looking to offer cryptocurrency services. Just last week, another brokerage, TD Ameritrade, was said to be testing bitcoin and litecoin (LTC) trading on its platform. Last year, TD Ameritrade invested an undisclosed sum in cryptocurrency exchange ErisX.

    Mobile stock trading app Robinhood, on the other hand, launched cryptocurrency trading services over a year ago, and recently announced a plan to launch an initial public offering (IPO).

    E*Trade image via Shutterstock

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.