With Bitcoin critics almost celebrating the death of Bitcoin due to its falling prices, Bitcoin has shed off the bear influence and is now steadily setting new highs. It is with this new momentum that TD Ameritrade, a $1 trillion brokerage firm, is considering selling Bitcoin. However, it uses a cryptic way of admitting it.
While the brokerage firm may refute claims of selling Bitcoin, it already has an interface with features that depict it is selling Bitcoin. A tweet by a crypto analyst and which included the interface read:
BTC is now being traded on the Nasdaq! I bought one BTC through my TD Ameritrade account! According to the chart, it started on April 10, 2019!! Other Digital assets are soon to follow… According to TD Ameritrade support – it’s not a real trade in my account – it appears they are testing only using their Paper Trading platform
While TD Ameritrade indicated that its “not able to speak on it,” the Twitter user was convinced that “something is going on for sure.”
While responding to BreakerMag, a news outlet, TD Ameritrade did not refute claims of seriously contemplating selling Bitcoin. Instead, they acknowledged offering access to Bitcoin futures but not spot trading.
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.
Their response can be seen to point more into a carefully calculated plan to open up the platform to start selling Bitcoin. Since they give preference on what “clients have demand for,” Bitcoin would surely make it to the list of preferences with top crypto aggregation platforms like Coinmarketcap, Coinlore, etc currently holding Bitcoin at above 5,000 U.S dollars. These sites collect data across leading virtual currency exchanges like Binance, Coinbase, Huobi, OKEx, among others.
Do you think a time is coming when TD Ameritrade will publicly admit to selling Bitcoin?
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