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Nasdaq Purportedly Trading Bitcoin (BTC)

source-logo  todaysgazette.com 23 April 2019 08:28, UTC

In what could be seen a surprising move, a cryptocurrency analyst has proved that Nasdaq has started trading Bitcoin (BTC).

On Monday morning, as presented by Cryptopolis, an analyst at StrongMarket, there is a trace of Bitcoin (BTC) product on his account linked with TD Ameritrade. The ‘Nasdaq-listed bitcoin product’ has a ticker “CXERX” and was started on April 10 2019.

As confirmed on the shared chart by Cryptopolis, the cryptoanalyst said he bought a BTC at $5,335.

While this may be surprising, there is no doubt that the move will heighten the adoption and price of Bitcoin as we move out of the bear market.

Doing a personal research, we have not confirmed the truthfulness of the shared information by Cryptopolis as there is nothing like such ticker on Nasdaq.

Also Read: Bitcoin (BTC) an “Escape Hatch” for the Upcoming Global Recession –Erik Voorhees

To corroborate our finding, TD Ameritrade, when contacted by Cryptopolis could not ascertain what the CXERX ticker implies. Sean B, a customer care agent, who conversed with Cryptopolis said CXERX “is not a symbol we trade on the live side”. What this indicates is that the ticker is being tested on the server side and the said transaction by Cryptopolis did not go through.

Nasdaq Is Cooking Bitcoin Futures

Late 2019, Cointegraph revealed that Nasdaq intend launching Bitcoin Futures in the first half of 2019.

VanEck Director of Digital Asset Strategies, Gabor Gurbacs, revealed separately that the firm has been in a talk with Nasdaq, MVIS Indices, and some other market bigwigs on Bitcoin futures for close to 2 years.

Gurbacs said the new products are going to be resilient and transparent when compared with other offerings in the market. The addition of futures into the Bitcoin market is an indication of growth and maturity, he said.

Gurbacs said, “there is an increased regulatory and institutional drive towards greater transparency into the digital asset space.”

Meanwhile, it is the second quarter of 2019, and Nasdaq has not rolled out its between futures.

Disclaimer: this article is not a financial advice and should not be used as one. It is only written for informational purpose. Do personal research, by contacting financial experts, before investing in any crypto.