Online broker tastyworks launches cryptocurrency trading on its platform
Online broker tastyworks today announces the launch of crypto trading on its platform. tastyworks, which is a brokerage from the brains behind tastytrade, announced that its platform now supports trading four of the most actively traded cryptocurrencies: Bitcoin, Ethereum, Litecoin and Bitcoin Cash.
Scott Sheridan, CEO of tastyworks, comments:
“The recent surge in the prices of crypto like Bitcoin and Ethereum has increased customer interest in trading them. Our development team has built what we feel is one of the most secure, low-latency, and reliable digital asset order routing and execution systems out there. And most important, it lets our clients buy and sell them and monitor their positions alongside their stocks and options. We are the first major brokerage firm to offer this.”
Investors wishing to buy or sell cryptocurrencies have typically had to trade on a crypto exchange. Adding this functionality into the tastyworks platform is a step towards mainstreaming digital assets by giving self-directed investors the ability to add them to their equity portfolios.
Tom Sosnoff, co-CEO of tastytrade, adds:
“More of our viewers have been asking us about the ‘hows’ and ‘whys’ of trading Bitcoin and other cryptos. The ability to trade them directly on tastyworks is huge. Plus, we’ve been working on new statistical research on digital assets that will give traders a different perspective on their use. Stay tuned.”
tastyworks customers can request approval for their margin or cash accounts, and will be able to use symbols BTC (Bitcoin), ETH (Ethereum), LTC (Litecoin) and BCH (Bitcoin Cash) to see quotes, charts and trade them.