Online investment service TD Ameritrade is reportedly enabling its users simulated exposure to bitcoin and litecoin through a new offering on NASDAQ.
Though it’s currently not live, according to reports on social media, the brokerage platform will be offering paper trades, a simulated form of trading that lets users exchange an asset without purchasing or selling it for real money, for BTC and LTC via NASDAQ.
“Cryptopolis” first announced the news in a tweet saying, “BTC is now being traded on the NASDAQ!” The Twitter user later updated his tweet, in which they said the offering is actually a paper trade, which holds no real value. “That’s not a symbol we trade on the live side so I’m 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 trade are Bitcoin Futures under /XBT,” the support staff continued.
Litecoin creator Charlie Lee joined in the discussion, adding: “TD Ameritrade is testing both BTC and LTC trading on its brokerage platform.”
It’s paper trading, so they are just testing right now, but it’s there for sure,” he added in the comments.
Bitcoin Magazine spoke with TD Ameritrade, seeking confirmation regarding the new offering, though a spokesperson neither confirmed nor denied the paper trading.
“While we currently offer access to bitcoin futures, bitcoin is not available for spot trading on TD Ameritrade’s platform,” the spokesperson said. “We 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.”