Bitcoin on NASDAQ | Bitcointalksearch.org

oktana

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Quote from: BitcoinsGreat on June 23, 2017, 06:44:20 AM

One day a posted will actually do a little research before creating a new thread. Bitcoin has been classified, legally in court, just this past year, as a value commodity token. Nasdaq is not the trading exchange that would handle that type of financial instrument, as has been covered frequently in this very forum.

I've read it in March, there are bitcoin proposals that have even entered the list of some markets on wallstreet, nasdaq also so, but I don't know if it still applies today because after reading the SEC decision a few months ago, I do not read news about Nasdaq-Bitcoin again.

Oralmat

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The very thought expressed in the OP is the very reason that the Bitcoin community gets no where in the global scheme, because once an actual FIAT and commodity trader sees a post and thread like the OP, they just shake their heads and walk away. This makes us into that poor little cute kid at the party that seems nice, but can't stop licking the light sockets.

BitcoinsGreat

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One day a posted will actually do a little research before creating a new thread. Bitcoin has been classified, legally in court, just this past year, as a value commodity token. Nasdaq is not the trading exchange that would handle that type of financial instrument, as has been covered frequently in this very forum.

MFahad

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Eloncoin.org - Mars, here we come!

We can liken the OP to asking why steak sauce is not on the shelf at the grocery next to the other spices, like garlic and curry. Well, that is because it is not a spice like those, it is something else, go back to your cartoons and do not forget that the search engines are your best defense in this day and age between the thoughts in your head and those around you that still do not know how uneducated those thoughts are.

wnctalker

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very close to and very convenient way for trading Bitcoin by trading Bitcoin Investment Trust (GBTC), even using IRA account fund (which otherwise would be restricted)

The Sceptical Chymist

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Quote from: NUFCrichard on June 20, 2017, 03:40:37 AM

The Nasdaq is a stock exchange. Bitcoin isn't a stock.
The USD isn't traded on the Nasdaq either, nor is gold, silver or oil.

As the poster before me wrote, if the ETF is approved, then you could get exposure to the price changes of Bitcoin through a fund that would be traded on exchanges, but Bitcoin will never be available at an exchange.
It's be great if people could use Bitcoin to directly buy at exchanges, but I think blockchains are more likely to be used than cryptocoins in the near future.

Exactly. What is it that OP and other fucktards don't get? Unless we're talking about an ETF or something, bitcoin can't be traded on the NASDAQ or any other stock exchange. Oddly enough, a big exchange like them would be sooo much better than these scammy fly by night ones that exist now. Those of you railing against this ought to think of that.

Vishnu.Reang

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Bitcoin can be listed in the NASDAQ, although it is only possible in an indirect way in the form of an Exchange-Traded Fund (ETF). But as far as I know, the United States Securities and Exchange Commission has denied permission for all the Bitcoin ETFs till now.

pearlmen

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Quote from: niokobo on June 20, 2017, 02:01:02 AM

Why isnt Bitcoin traded on Nasdaq

Is there a possibility that this will happen down the road?

NASDAQ is an entity which is mostly controlled.by government and for them to consider bitcoin a lot of factors have to be put into consideration which will include the issue of volatility other stocks experience that but not as sharp as bitcoin without any historical analysis to back it up. Another reason is the legalization of bitcoin and that is the most important one that without its backing bitcoin might not get to NASDAQ.

deisik

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Quote from: niokobo on June 20, 2017, 02:01:02 AM

Why isnt Bitcoin traded on Nasdaq

Basically, because Bitcoin is not a stock

Nasdaq is a stock exchange after all, so there is no possibility for Bitcoin to be traded there directly unless it first gets securitized, for example, via trusted funds (if that was your point, of course). If you ask about regulated exchanges as such, in the US Bitcoin is officially considered as a commodity for trading purposes, so it should be traded at commodity exchanges like Nymex

bryant.coleman

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Quote from: niokobo on June 20, 2017, 02:01:02 AM

Why isnt Bitcoin traded on Nasdaq

Is there a possibility that this will happen down the road?

I don't think that Bitcoin can be directly traded in the NASDAQ. That exchange is basically meant for equities, ETFs and mutual funds. I am not sure whether Forex trading is permitted in NASDAQ (As far as I know, only equities and commodities are permitted). Also, Bitcoin is not recognized as a currency by any of the American stock exchanges. That said, Bitcoin can be indirectly traded in NASDAQ, in the form of ETFs. But till now, the SEC hasn't given approval for the same.

krishnapramod

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Quote from: niokobo on June 20, 2017, 02:01:02 AM

Why isnt Bitcoin traded on Nasdaq

Is there a possibility that this will happen down the road?

Nasdaq is a stock market where shares and stocks of companies are traded. It is impossible to directly trade bitcoins on Nasdaq, but there are two indirect options, GBTC stock by bitcoin investment trust and XBT bitcoin tracker.

Quote

XBT Provider manages Bitcoin Tracker One and Bitcoin Tracker Euro. With these instruments anyone can invest in Bitcoin as ETN:s, exchange-traded notes, from anywhere in the world. XBT Provider's prospectus is approved by the Swedish FSA (Finansinspektionen) and our products are listed on Nasdaq Nordic in Stockholm.

https://xbtprovider.com

It is possible to trade bitcoin as a commodity.

GMO, world's largest forex brokerage had launched a bitcoin exchange in Japan last month so the question is would forex giants like GMO and forex.com enable bitcoin trading.

Maccus

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Actually it is not since Bitcoin to be traded there need to be somehow tied to an entity, an ETF that you probably heard of. Actually it is not the case, so it is not traded there. Maybe in some times it will be possible.

freebutcaged

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Quote from: Ucy on June 20, 2017, 03:39:19 AM

There is no need for this. People still don't understand the idea behind Bitcoin. It must never be loved by the government or elites. I will be extremely worried if it is traded on that thing.

It could be used if they use Bitcoin as an account of trust to buy stocks, I agree with you saying it shouldn't be loved by governments but

Could you stop them from getting involved? the same thing which makes the system fair for everyone that includes governments as well.

No one can stop them from buying coins and hold them for good, never actually sell even a single coin, so that is why I say don't sell cheap.

Juggy777

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Quote from: niokobo on June 20, 2017, 02:01:02 AM

Why isnt Bitcoin traded on Nasdaq

Is there a possibility that this will happen down the road?

NASDAQ did you just wake up from a dream? Bitcoin is not a stock or a recognised currency, the SEC had rejected Bitcoin ETF, so how in the world would it be traded out there. It's yet to be recognised by USA and it's best it's kept of NASDAQ, don't want government to control or any other agency to control it that's best for Bitcoins. I am very happy that it's not on NASDAQ and that what keeps it safe.

eaLiTy

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I am not even sure whether bitcoin could be listed in NASDAQ,bitcoin needs to be a registered company which follows the general rules and regulations which will never happen with bitcoin as it is a decentralized currency and nothing can be done unless they come up with a exception for bitcoin which i highly doubt that would happen.

NUFCrichard

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The Nasdaq is a stock exchange. Bitcoin isn't a stock.
The USD isn't traded on the Nasdaq either, nor is gold, silver or oil.

As the poster before me wrote, if the ETF is approved, then you could get exposure to the price changes of Bitcoin through a fund that would be traded on exchanges, but Bitcoin will never be available at an exchange.
It's be great if people could use Bitcoin to directly buy at exchanges, but I think blockchains are more likely to be used than cryptocoins in the near future.

Ucy

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There is no need for this. People still don't understand the idea behind Bitcoin. It must never be loved by the government or elites. I will be extremely worried if it is traded on that thing.

freebutcaged

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Only if they could control the market, maybe if they were accumulating coins slowly in order to approve an ETF in the future?

Better to hold on to your coins then, because after that happening we'll never see these low prices ever again, however I'm certain

That same people currently actively trading in wall street and other global financial markets are doing Bitcoin off the books.

niokobo

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Why isnt Bitcoin traded on Nasdaq

Is there a possibility that this will happen down the road?

Topic: Bitcoin on NASDAQ (Read 773 times)