Bitcoin Cryptocurrency

Nasdaq Purportedly Trading Bitcoin (BTC)

Peter Brandt Says Altcoins are to Bitcoin What Lead is to Gold as BTC Dominates by 70.1%

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 are unable to confirm the truthfulness of the shared information by Cryptopolis as there is nothing like such ticker on Nasdaq.

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: Our writers invest in cryptocurrencies and it is possible the author of this article has investment in any of the digital currencies discussed. Some times author's presented information may be laced with opinions. Treat articles as mere information and not as financial advice.

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About the author

Olayode Yusuff

Olayode has made meaningful contributions to Huffington Post, Thrive Global, Oracle Times, The Independent Republic, Forbes, Washinghton Post and a host of other news magazine.

He’s a blockchain enthusiast covering news on notable cryptocurrencies and seminars from far and within.

Email: olayode.yusuff@newslogical.com

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