The user reported a trade test …

The user reported a trade test …

User reported testing bitcoin trading through the infrastructure of the Nasdaq exchange

A quantitative analyst known on Twitter as Cryptopolis said that on Monday morning he discovered a Bitcoin-related product under the ticker “CXERX”, allegedly listed on the Nasdaq exchange.

“BTC is listed on the Nasdaq. I bought one BTC through an account with TD Ameritrade broker. Based on the graph, it started trading on April 10, 2019. More digital assets are coming soon, ”a Twitter user wrote..

Later, he published details of the correspondence with TD Ameritrade support, a representative of which said that currently such products are not available on the brokerage platform, and the only supported instrument of this kind is a Bitcoin futures contract, which is traded under the ticker XBT. Cryptopolis speculated that the deal was not real and likely related to testing certain functionality. A support representative noted that this option seems to him the most likely.

It is possible that the instrument being tested by TD Ameritrade is an early version of the Nasdaq bitcoin futures contracts, the preparation for the launch of which has been discussed for quite a long time. Bloomberg wrote in November that Nasdaq is preparing to launch Bitcoin futures in the first quarter of 2019. Obviously, these plans were not destined to come true within the stated timeframe, but this does not mean that the stock exchange, known for its favorable attitude to cryptocurrencies, abandoned them altogether..

The user reported a trade test ...

In December, Nasdaq vice president of public affairs Joseph Christinet confirmed the information to Bloomberg, while noting that they would need approval from the Commodity Futures Trading Commission (CFTC) to launch the tool..

“We have invested a lot of money and energy in realizing this opportunity, and we have been actively engaged in this for a long time – long before the market turned into chaos, but this did not affect the timing of our work. No delays. We will do it, no matter what, ”he said then, indicating the first half of 2019 as an indicative date..

The user reported a trade test ...

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