Breaking: Nasdaq is Testing the Trading of a Bitcoin-based Product
Cryptopolis also noted that BTC has been trading since April 10, and Bitcoin is trading under the ticker “CXERX”. However, after talking with TD Ameritrade support service, Cryptopolis, clarified the situation, which he wrote about in the next tweet. It turned out that this is just a test on the Paper Trading platform.
BREAKING: BTC is now being traded on the Nasdaq! I bought one BTC through my TDAmeritrade account! According to the chart it started trading April 10, 2019!! Other digital assets are soon to follow!! 🚀🚀🚀 pic.twitter.com/1VgE1Whoa4— Cryptopolis (@cryptopolis_x) 22 апреля 2019 г.
Undoubtedly, access to BTC on the Nasdaq platform could provoke the next cryptocurrency breakthrough, since this step could potentially trigger a wave of institutional funds into the market. Therefore, sooner or later, the Nasdaq should enter the trading arena, besides, the exchange has already taken the first steps in this direction. The platform has support for a service that provides information on real-time cryptocurrency rates for Bitcoin and Ethereum. In addition, according to Bloomberg, Nasdaq is trying to launch Bitcoin futures contracts together with VanEck:
UPDATE: According to TDAmeritrade support - it's not a real trade in my account - it appears they are testing only using their Paper Trading platform. Support said "I'm not able to speak on it" -They did not know what CXERX is. Strange... But something is going on for sure! pic.twitter.com/gUxtHX0TNg— Cryptopolis (@cryptopolis_x) 22 апреля 2019 г.
“Nasdaq has been working to satisfy the concerns of the U.S.’s main swaps regulator, the Commodity Futures Trading Commission, before launching the contracts, the people said. The New York exchange operator, which was first reported to be eyeing Bitcoin futures last year, wants to allow trading in the first quarter of 2019”As we see, today the official launch of the product has not taken place, but if the second largest stock exchange in the world still launches the BTC trading, it will open the gateways for the participation of a huge circle of investors. We want to remind you: https://thecoinshark.net/will-nasdaq-open-crypto-trading-next-year/ Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/