KEY POINTS
  • The U.S. brokerage firm announced a strategic investment in an exchange called ErisX, which offers both bitcoin spot and futures trading.
  • “We wanted to find a platform that would be fully regulated, and something that has that capital markets feel,” says JB Mackenzie, head of futures and foreign exchange trading at TD Ameritrade.
  • High-speed trading company Virtu Financial will also back the crypto exchange.
A pedestrian passes in front of a TD Ameritrade Holding Corp. location in San Francisco, California.

Despite a massive slump in cryptocurrency prices, TD Ameritrade is doubling down on the sector.

The U.S. brokerage firm announced a strategic investment Wednesday in an exchange called ErisX, which offers both bitcoin spot and futures trading. High-speed trading company Virtu Financial will also back the exchange.