In what may be a prudent move, Merrill Lynch has barred customers and financial advisers who make transactions for them from buying bitcoin. That’s bound to disappoint some customers: Bitcoin’s price climbed 14-fold in 2017.
Individual retail traders are flooding apps that make it easy to buy and sell things like ethereum or bitcoin. Coinbase, one of the biggest US crypto exchanges, is Apple’s No.
2 finance app, with more than 440,000 ratings. MyMerrill for iPhone comes in at No.
199, with 49 ratings. These exciting days for cryptocurrency exchanges recall the dot-com fever, when day traders betting on tech stocks swarmed online brokerages like ETrade—a firm that helped fuel the euphoria and was humbled by the collapse.
The company’s stock price climbed to more than $550 a share before the bubble popped. Its stock trades at about $50 after climbing 40% in the last year. Read more from qz.com…
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