E * Trade Financial Corp. is about to start trading with crypto currencies on its platform. The company will begin with the addition of Bitcoin and Ethereum, and in the future will also consider adding other digital currencies.
With this move, they will enter the crypto industry by competing directly with platforms like Coinbase. Coinbase reached market value of $ 8 billion in 2018 and sales of $ 1.3 billion. Fitnech Startup Robinhood was soon estimated at $ 5.6 billion, adding crypto trade to its services.
With the adoption of crypto, Trade, E * Trade can help improve the perception of digital currencies by still skeptical investors.
Source: Bloomberg Finance L.P.
Photo: Pixabay
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25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
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