Bitcoin's Price Went Bust But Not Demand For Cryptocurrency Trading [Investor's Business Daily]
AMTD IDEA Group American Depositary Shares, each representing one Class A Ordinary Share (AMTD)
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Source: Investors Business Daily
Related news Even though cryptocurrencies have gone boom and bust, TD Ameritrade ( AMTD ) says its clients are still eager to get into Bitcoin trading as speculators rotate out and retail investors rotate in. X In December, TD Ameritrade opened Bitcoin trading on the CBOE ( CBOE ) Futures Exchange, becoming the first financial services firms to do so. Since then, Bitcoin vaulted to about $20,000 in December 2017 (after starting the year near $1,000), then lost about two-thirds of its value. On Tuesday, it was about $6,600, with price volatility near a 15-month low, according to CoinDesk . But as Bitcoin trading and other cryptocurrency futures come online at regulated exchanges, there is now more price discovery, said JB Mackenzie, TD Ameritrade's managing director of futures and forex, referring to the way competing buyers and sellers determine a price. "There's much more consistent pricing in that marketplace," he told Investor's Business Daily in an interview. Reports say l
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