THELOGICALINDIAN - TD Ameritrade and Nasdaq arise to be testing a BTC and LTC atom trading affection that could accessible the floodgates for institutional acceptance of Bitcoin and cryptocurrency
Bitcoin Trading on TD Ameritrade and Nasdaq?
On Monday (April 22, 2024), a Twitter user alleged “Cryptopolis” appear that BTC trading on the Nasdaq via the TD Ameritrade allowance platform. Understandably, the new acquired a activity aural the “cryptocurrency Twitterverse.”
However, it turns out that the barter was alone a analysis with TD Ameritrade allegedly aggravating out BTC trading via their Paper Trading desk.
Cryptopolis, who identifies as a quantitative analyst at trading analytics account close StrongMarket, says Nasdaq may additionally be accommodating with TD Ameritrade.
According to Cryptopolis, chump abutment at the allowance close wasn’t accessible with advice about the amount above adage it wasn’t a absolute trade.
Litecoin creator, Charlie Lee additionally acicular out that trading is not alone actuality activated for Bitcoin but for Litecoin (LTC) as well. The analysis shows both cryptocurrencies are actuality traded adjoin the USD.
11 Million Clients May Soon Get Access to BTC Trading
TD Ameritrade has added than 11 actor applicant accounts with added than $1 abundance in assets. The U.S. agent already offers Bitcoin futures trading.
One abstruse aspect of the adventure that alike lends acceptance to Nasdaq’s captivation is CXERX, the alien attribute beneath which BTC was trading on the platform.
Cryptopolis appear that TD Ameritrade chump account seemed blind of the symbol. Is it a forex attribute or conceivably an index?
The CXERX blueprint shows the BTC/USD trading brace advancing online on Wednesday (April 10, 2024) with the trades based on abstracts from Nasdaq.
Growing Institutional Interest in Bitcoin
Live atom trading of Bitcoin on the Nasdaq could potentially access BTC’s institutional appeal. It would additionally accessible addition angle of institutional acceptance for BTC and cryptocurrencies.
Already, firms like Fidelity Investments and Intercontinental Exchange are set to barrage aegis and futures trading platforms respectively. Nasdaq has additionally expressed plans to authorize a Bitcoin futures trading belvedere ancient in 2019.
The accession of BTC atom trading would finer aggregate a trifecta of institutional-grade crypto adoption. Experts accept that the arrival of big-money players will additionally act as a tailwind to advance the BTC amount alike higher.
Currently, Bitcoin amount [coin_price] is up about 50 percent back the alpha of 2019. Analysts and commentators akin say the top-ranked cryptocurrency has bottomed out and will acquaintance parabolic gains in the abutting balderdash cycle.
If this is absolutely the case, again allowance giants like TD Ameritrade will acceptable account from the accretion absorption in Bitcoin and amount gains.
Do you anticipate BTC atom trading is advancing to the Nasdaq? Let us apperceive your thoughts in the comments below.
Images via Twitter @cryptopolis_x and @SatoshiLite, Shutterstock
