TD Ameritrade Claims to Be “Exploring” Digital Assets Like XRP

Tony Webster / Flickr

Leading retail brokerage firm¬†TD Ameritrade¬†(AMTD) is apparently “exploring” Ripple’s XRP, among other cryptocurrencies, according to a tweet from earlier this week.

While the message is a bit cryptic and could be nothing more than overzealous customer service, the confirmation that TD Ameritrade is actively looking to integrate digital assets into its platform is notable. Whether this will actually include XRP is unclear, but the second largest cryptocurrency is likely on the radar of most development teams.

TD Ameritrade is no stranger to the digital asset industry.¬†Last April, the firm¬†made its mark¬†on Bitcoin’s blockchain by sending a series of transactions to create an advertisement ‚ÄĒ a concept similar to¬†ASCII artwork. The design was the first advertisement to be placed in the coin’s public ledger.

More recently, TD Ameritrade made a strategic investment in ErisX, a new regulated crypto derivatives exchange that is planning to offer both digital futures and spot trading, starting with Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC).

XRP is now the largest altcoin in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens, with a market cap of $11.86 billion.

Update (12/16/18): After being reached for comment, a TD Ameritrade spokesperson said, “The tweet was merely an acknowledgment of the interest we see from clients and other retail [investors] in the XRP space. We’re always looking for ways to enhance our client experience and keeping tabs on emerging trends is an important part of that effort. The tweet itself has been taken out of context.”

More: TD Ameritrade’s Tweet
Photo: Tony Webster / Flickr

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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