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Home / Business / ETrade: Bitcoin (BTC) and Ethereum (ETH) Trading reportedly start trading, S & P 500 scoring fewer goals than a year ago

ETrade: Bitcoin (BTC) and Ethereum (ETH) Trading reportedly start trading, S & P 500 scoring fewer goals than a year ago



In an important mainstream urge for cryptocurrencies, ETrade is reportedly planning to launch crypto trading on its platform. The service will initially support Bitcoin and Ethereum.

The New York-based electronic trading company has around 4.9 million brokerage accounts.

The financial services giant enables clients to trade in traditional assets, including common stock, preferred stock, mutual funds, exchange-traded funds, futures, options, bonds and fixed income. Adding cryptocurrency to its platform would be another important milestone for the digital asset class.

According to a Bloomberg report, unnamed sources suggest that the new service will compete with rivals Robinhood and Coinbase. It would also face TD Ameritrade, which is also reportedly testing cryptocurrency trading for its customers.

In addition to its broker accounts, ETrade offers traditional IRA, Roth IRA, Rollover IRA and custody accounts and currently offers Bitcoin exposure through the Grayscale Exchange Traded Fund (GBTC).

New York Times technology reporter Nathaniel Popper confirms ETrade's recent strategy, pointing out that the company is in the final stages of crypto trading.

As ETrade looks for new digital assets to expand its offering, it refers to P constituents as "pro hockey team of aging veterans ".

Regarding the earnings of the S & P 500 for the first quarter, ETrade Securities writes,

"Although a high percentage of companies surprised analysts with their earnings, the earnings of the S & P 500 companies in the first quarter According to FactSet, it is on average about 4% lower than in the previous year.

Remember that we have been living in an extraordinarily long bull market for 10 years. In this context, parsing the performance is like watching a professional hockey team made up of aging veterans: some players outperform others, but overall the team scores fewer goals than a year ago. The levy is not nearly as bad as the Beatwriters expected. Hence the positive surprises.

According to FactSet, if current trends persist, the S & P 500 index will see quarterly earnings decline from the previous year for the first time since 2016. Recall that many market watchers complained about slow growth , "

With the growth of the digital wealth sector, crypto-currency exchanges are calling into question the status quo by limiting street hours 24 hours a day without traditional wall clocks restricting traders closing markets at close of business and on weekends.

ETrade's core mission as a leading digital trading platform is to empower people with their award-winning mobile app, whenever and wherever they want. The company also offers 24/7 customer service.

According to ETrade's Mission Statement,

"Today we are a leading online financial services company specializing in providing first class experience to the digitally inclined investor and trader through personal professional guidance. The company also has a high-tech advisory depository platform and the number one stock management platform for the industry. "

" Investors or traders pick up the markets wherever they want and as they want. Trade, market research, strategies and more available on desktop or phone basis.

Investors have access to a wide range of offerings, including more than 250 non-proprietary commission-free ETFs and more than 4,400 no-load, no-transaction mutual funds. "

The Brokerage has published a Public Service Notice of February 2019 issued by the Financial Industry Regulatory Authority. It covers Bitcoin fundamentals, risks and fraud.

"Investors should know that buying and using digital currencies like Bitcoin carries risks. The speculative trading in bitcoins carries a considerable risk. There is also a risk of fraud involving companies that claim to offer Bitcoin payment platforms and other Bitcoin-related products and services. "

" Bitcoins can also be bought and sold online or at physical locations. A growing number of physical branches and exchanges allow customers to buy and sell bitcoins through cash, credit cards, money orders and other methods. Bitcoins are in a digital "wallet" where they can be bought by facilities that accept bitcoins.

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