The User Reported That BTC Is Being Traded on the Nasdaq Exchange


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

“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!!

🚀🚀🚀” the user wrote on Twitter.

Image credit: Twitter

Later, he published the details of correspondence with TD Ameritrade support service, whose representative said that at present such products are not presented on the brokerage platform, and the only supported tool of this kind is a Bitcoin futures contract traded under the XBT ticker. Cryptopolis suggested that the deal was not real and was probably related to testing certain functionality. A customer service representative noted that this option seems to him the most likely.

It is not excluded that the TD Ameritrade instrument under test is an early version of the futures contracts for Bitcoin of the Nasdaq exchange, which is being prepared for launch for quite a long time. In November, Bloomberg wrote that Nasdaq is preparing to launch Bitcoin futures in the first quarter of 2019. Obviously, in the announced period, these plans were not destined to come true, but this does not mean that the stock exchange, known for its favorable attitude towards cryptocurrency, abandoned them altogether.

In December, Nasdaq’s vice president of public affairs, Joseph Christinat, confirmed Bloomberg’s information, noted that they would need the approval of the Commodity Futures Trading Commission (CFTC) to launch the tool.

“We’ve put a hell of a lot of money and energy into delivering the ability to do this and we’ve been all over it for a long time – way before the market went into turmoil, and that will not affect the timing of this in any way. No. Period. We’re doing this no matter what.” said Christinat, pointing to a tentative date as the first half of 2019.

Featured image via Pixabay