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.
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).
In a tweet labeled “BREAKING,” the quantitative analyst “Cryptopolis” first sounded the horn on April 22, 2019, hastily claiming that “BTC is now being traded on the NASDAQ!” The Twitter user would later qualify in an updated tweet that the offering, demarcated by the symbol CXERX, is actually a paper trade holding no real value.
“That’s not a symbol we trade on the live side so Im [sic] not really able to speak on it,” a TD Ameritrade support staff told Cryptopolis, per the updated tweet.
“The only bitcoin related products that we trades [sic] are Bitcoin…