Nasdaq, the second largest stock exchange of the world, is verifying trading of a product based on Bitcoin (BTC), an analyst revealed it through a tweet on April 22 at quantitative trading analytics service StrongMarket.
The information was shared on Monday by a quantitative analyst and a Twitter personality, Cryptopolis. He tweeted saying he purchased one bitcoin through an account; the account is registered on TD Ameritrade a retail brokerage firm (NASDAQ:AMTD).
After buying the bitcoin, Cryptopolis noted that the bitcoin was trading against the fiat US dollar on a platform under the unidentified tag ‘CXERX”. CXERX is reportedly included on the NASDAQ list. He further stated that on April 10th, 2019, BTC/USD trading pair was released on the platform’s chart.
After researching the event, he asked TD Ameritrade to support him in collecting more information. However, TD Ameritrade refused to comment over the incidence by mentioning that “it is not a symbol we trade on the live, so I’m not really able to speak on it.” Cryptopolis was expecting help from the firm but failed to get.
The detailed conversation between the analyst and the TD Ameritrade supporter is uploaded on Twitter by Cryptopolis.
Cryptopolis posted the matter on Twitter on April 22nd, 2019.
The analyst informed that the trade was not on his account and clearly mentioned that Nasdaq the largest stock exchange is secretly checking a new bitcoin-based product and is only accessible through their Paper Trading platform.
While at the 2018 end, Nasdaq had affirmed regarding its plan of launching Bitcoin futures in 2019. At the beginning of 2019, in February, two cryptocurrency price indices were listed by Nasdaq through Brave New Coin (BNC) firm which is United States blockchain and crypto market data company. Bitcoin Liquid Index (BLX) of BNC and Ethereum Liquid Index (ELX) were included.
Digital asset strategy director of VanEck, Gabor Gurbach also claimed that for over 18 months Nasdaq is discussing futures with MVIS indices, Nasdaq and several market participants.
TD Ameritrade offers investment based services to around 11 million clients and has recently revealed that the company fully backs ErisX which is a new cryptocurrency exchange.
Bitcoin, the first cryptocurrency, at the same time continues to drive the crypto market for the first time in 2019. Bitcoin has surpassed its all-time high record of $5,500 after the bear market. The cryptocurrency exchange has managed to gain 5 percent within 24 hours and 9 percent within 7 days. The bitcoin was trading at $5,637.72 as per CoinMarketCap.
Analyst Cryptopolis mentioned on Twitter: “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!”