{"id":20223,"date":"2019-04-23T18:03:00","date_gmt":"2019-04-23T18:03:00","guid":{"rendered":"http:\/\/ci027cfe6e80112697"},"modified":"2019-04-23T18:03:00","modified_gmt":"2019-04-23T18:03:00","slug":"td-ameritrade-nasdaq-reportedly-offer-btc-and-ltc-paper-trades","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/markets\/td-ameritrade-nasdaq-reportedly-offer-btc-and-ltc-paper-trades","title":{"rendered":"TD Ameritrade, NASDAQ Reportedly Offer BTC and LTC Paper Trades"},"content":{"rendered":"
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Online investment service TD Ameritrade might be giving its users simulated exposure to bitcoin and litecoin through a new, but not-yet-live, offering on NASDAQ.<\/p>\n

According to reports on social media, the brokerage platform is offering paper trades for bitcoin and litecoin through NASDAQ. Paper trading is a simulated form of trading that lets users exchange an asset without actually buying or selling it for real money (think of it like a testnet of sorts).<\/p>\n

In a tweet<\/a> labeled \u201cBREAKING,\u201d the quantitative analyst \u201cCryptopolis\u201d first sounded the horn on April 22, 2019, hastily claiming that \u201cBTC is now being traded on the NASDAQ!\u201d The Twitter user would later qualify in an updated tweet<\/a> that the offering, demarcated by the symbol CXERX, is actually a paper trade holding no real value.<\/p>\n

\u201cThat\u2019s not a symbol we trade on the live side so Im [sic] not really able to speak on it,\u201d a TD Ameritrade support staff told Cryptopolis, per the updated tweet.<\/p>\n

\u201cThe only bitcoin related products that we trades [sic] are Bitcoin Futures under \/XBT,\u201d the support staff continued, saying that their best \u201cguess\u201d would be that the trading is testing.<\/p>\n

Litecoin creator Charlie Lee corroborated this information the following day on his own Twitter account. He added that \u201cTD Ameritrade is testing both BTC and LTC trading on its brokerage platform.\u201d<\/p>\n

\n

Just saw that TD Ameritrade is testing both BTC and LTC trading on its brokerage platform. pic.twitter.com\/TVo39oECeH<\/a><\/p>\n

\u2014 Charlie Lee [LTC\u26a1] (@SatoshiLite) April 23, 2019<\/p>\n<\/blockquote>\n

\u201cIt\u2019s paper trading, so they are just testing right now, but it\u2019s there for sure,\u201d he added in the comments.<\/p>\n

When Bitcoin Magazine<\/em> reached out to TD Ameritrade to ask if the information was valid, a spokesperson neither confirmed nor denied the paper trading.<\/p>\n

\u201cWhile we currently offer access to bitcoin futures, bitcoin is not available for spot trading on TD Ameritrade\u2019s platform,\u201d the spokesperson said. \u201cWe always look to implement products our clients have demand for. When it comes to cryptocurrencies, we take a deliberate approach with a focus on education.\u201d<\/p>\n

At the time of publication, we had not heard back on a follow-up asking specifically if paper trades were available.<\/p>\n

It should be noted that, while the testing is available on TD Ameritrade, the exchange offering the paper trading is NASDAQ, from which TD Ameritrade pulls some of its offerings.<\/p>\n

Bitcoin Magazine<\/em> reached out to NASDAQ to confirm the news as well, though we did not hear back at the time of publication. If the legacy exchange is indeed offering paper trades for bitcoin and litecoin, the development would be in line with its recent moves to advance itself in the cryptocurrency industry. NASDAQ announced last year that it is eyeing bitcoin futures<\/a> and it also partnered with investment management company VanEck to launch bitcoin and ether indices<\/a> this year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Online investment service TD Ameritrade might be giving its users simulated exposure to bitcoin and litecoin through a new, but not-yet-live, offering on NASDAQ.<\/p>\n","protected":false},"author":2566,"featured_media":20224,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[2614,3343,340],"class_list":{"0":"post-20223","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-charlie-lee","9":"tag-litecoin","10":"tag-nasdaq"},"author_data":{"id":2566,"name":"Colin Harper","nicename":"colin-harper","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/MjEwMTYzMzc3Njg5ODYzNjQ2-96x96.webp"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/td-ameritrade.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/20223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2566"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=20223"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/20223\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/20224"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=20223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=20223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=20223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}