Nasdaq is Testing Bitcoin: Good Sign for the Future?

On the 22nd April, the quantitative analyst at StrongMarket, Cryptopolis announced that Bitcoin is being ‘traded’ on Nasdaq.

A tweet from the popular crypto analyst has sparked the interest of the crypto community. This came after he suggested that he was able to buy Bitcoin through electronic trading platform connected to Nasdaq TD Ameritrade. According to Cryptopolis and the chart tweeted out saying it shows the BTC/USD pair trade from 10th April.

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) April 22, 2019

Despite the bullish excitement from the analyst Cryptopolis, it was confirmed that the trade did not take place through the real platform, but was made on the paper one.

After being in contact with TD Ameritrade staff, Cryptopolis discovered that CXERX “is not a symbol [they]trade on the live side.” What this indicates is that the cryptocurrency might be in a testing version. So even though no real transactions are actually taking place, it could lead to a big wave for adoption is Nasdaq is to go live with CXERX.

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) April 22, 2019

The founder of Litecoin, Charlie Lee also commented on the news, tweeting that TD Ameritrade is testing both Bitcoin and Litecoin on its platform.

Lee confirmed that the image was taken from his own TD Ameritrade ThinkOrSwim account, in saying that even though it might be just paper trading at the moment, “it’s there for sure“.

Just saw that TD Ameritrade is testing both BTC and LTC trading on its brokerage platform. 😲 🚀 pic.twitter.com/TVo39oECeH

— Charlie Lee [LTC⚡] (@SatoshiLite) April 23, 2019