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Nasdaq, the second largest stock exchange in the world, is reportedly testing the trade of Bitcoin-based products on its platform. A Twitter user named, Cryptopolis, claimed the purchase of one Bitcoin [BTC] via TD Ameritrade account, on the social media platform. This news was backed by Charlie Lee, the creator of Litecoin, who stated that TD Ameritrade, a leading brokerage platform, was not only testing Bitcoin, but also Litecoin.
The initial tweet by Cryptopolis stated,
“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!!”
This was soon followed by an update, where the Twitter user stated that it was “not a real trade”, but a testing phase. The user also posted a conversation with TD Ameritrade’s support system, with the support person stating that further information on the matter cannot be disclosed yet. The Tweet read,
“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!”
Source: Twitter
Charlie Lee, the Managing Director of Litecoin, said,
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
Lee further stated,
“It’s only availabe for paper trading on ThinkOrSwim right now. Search for CXERX to find both BTC and LTC.”
Steven Lussier, another Twitter user, stated,
“Sorry but unless trades are physically settled I would be hesitant to cheer!!! Smells like rigging. Just look at the Precious Metals Market this morning!”
Apart from this, Bitcoin [BTC], the largest cryptocurrency by market cap, recently broke the $5500 mark, with the coin recording its highest in the past five months. According to CoinMarketCap, at press time, Bitcoin was trading at $5605 with a market cap of over $99 billion. The coin had a trading volume of $16.33 billion and had witnessed a surge of over 5% in the past 24 hours.