ErisX spot market is now supported on TradeStation digital currency platform known as TradeStation Crypto. The development is another significant effort aimed at making the crypto market more accessible to retail users/investors.
ErisX spot market now accessible on TradeStation
According to the announcement on Wednesday, both entities collaborated to make the service available to the retail users on TradeStation’sTradeStation’s cryptocurrency platform. The customers can now access ErisX spot market liquidity that covers some popular digital currencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC).
ErisX is a digital currency futures and spot trading avenue, backed by TD Ameritrade. Its spot market is compliant with regulatory practices to ensure the integrity of the market, by shielding investors from potential abuse and manipulation of the market.
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Since ErisX is a regulated trading platform, it tends to mostly reach out to brokers, institutions, and individuals in the industry, seeking to trade on platforms that are compliant with CFTC, the United States derivative market regulator.
The customers on the TradeStation’sTradeStation’s digital currency platform are mostly large-scale and Institutional traders. Perhaps, the ErisX spot market on the platform today is expected to open up the path for retail customers as well.
While they access and trade on the spot market directly from the crypto platform, TradeStation will be acting as the intermediary, according to the report.
Times for crypto retail
The Chief Executive Officer (CEO) at ErisX, Thomas Chippas, stated that supporting the spot market on TradeStation’sTradeStation’s digital currency platform enables the option to trade among a broader audience that runs after professional and fair trading centers.
The support for the ErisX spot market is quite significant, following the increasing number of people who are showing interest in the digital asset sector.
John Bartleman, the President of TradeStation Group, commented that both entities have a shared goal of establishing a marketplace similar to world commodity markets that will ensure a convenient environment for assets investment.
