Charlie Lee: Ameritrade Shows Bitcoin (BTC), Litecoin (LTC) Tickers
Reports about the brokerage platform adding cryptocurrency products have not been confirmed, but the trading software shows the tickers.
Reports of Ameritrade adding tickers for Bitcoin (BTC) and Litecoin (LTC) have surfaced via various traders, as well as from Charlie Lee, the creator of the Litecoin network. Lee recently tweeted about discovering his ticker on the Ameritrade trading platform:
Trader Cryptopolis has seen a similar trading screen, but contacting the Ameritrade help desk has not revealed the official news of a ticker or an investment mechanism for cryptocurrencies.
For now, the ticker noted in relation to the cryptocurrency trades, CXERX, has not been identified. Speculations are that Ameritrade has made simulations of BTC and LTC on the NASDAQ exchange, through its proprietary trading platform. This also means that the listing of the ticker and the products are originating from NASDAQ, and have been aggregated as offers by Ameritrade.
The trading simulation sparked hopes of another potential mainstream product. Meanwhile, European exchanges like NASDAQ Nordic and the SIX Stock Exchange have listed products based on digital asset prices.
Another mainstream opportunity is the Bitcoin Exchange-Traded Fund (ETF), which has so far been dismissed by the US Securities and Exchange Commission.
Trading for digital assets remains outside mainstream markets and is unregulated, allowing for bot orders, fake volumes and other manipulation tactics not seen on mainstream markets.
Skeptics see the screenshots as doubtful since no official announcement has been made. Currently, the markets still expect the launch of the Bakkt exchange, a mainstream mechanism for trading digital assets. Fidelity Investments is also giving hopes of building a new type of digital asset market aimed at mainstream investors.
The news of a potential mainstream test for cryptocurrencies arrives at a pivotal moment for BTC, when digital assets are attempting another bull rally.