Nasdaq is testing Bitcoin (BTC) trading, in anticipation of the launch of bitcoin futures

A quantitative analyst, known on Twitter under the nickname Cryptopolis, said that on Monday morning he found a product associated with Bitcoin (BTC) under the ticker “CXERX”, allegedly presented on the Nasdaq exchange.

“BTC is trading on the Nasdaq. I bought one BTC through an account from a TD Ameritrade broker. Judging by the schedule, he began to bargain April 10, 2019. Soon there will be other digital assets, ”the user wrote on Twitter.

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 !! ??? pic.twitter.com/1VgE1Whoa4

– Cryptopolis (@cryptopolis_x) April 22, 2019

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 are being prepared for launch for quite a long time.

In November, Bloomberg wrote that the 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 Chistinet, confirmed Bloomberg’s information, noting that they would need the approval of the Commodity Futures Trading Commission (CFTC) to launch the tool.

“We have invested a lot of money and energy in realizing this opportunity, and we have been actively engaged in this for a long time – long before the market turned into chaos, but this did not affect the timing of our work. No delays. We will do this in spite of everything , ”he said then, indicating the first half of 2019 as a tentative date.

Publication date 04/24/2019
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