1
Loading...

▶️ Tokenized Stocks Are Here & Under Fire | EP:478

Vote
29 29 views
1m Oct 24, 2021
G

There was an explosion of tokenized stocks after FTX first made this possible. Ever since, every centralized exchange and even some “decentralized” exchanges have delisted them or halted trading. Let’s talk about it.

Many exchanges were listing the top tech stocks in the form of synthetic assets that were supposed to be matching 1:1 with stocks but were tradeable with cryptocurrency. This was especially interesting because it allowed people to buy fractional stocks when they may have not been able to previously, they could buy without a bank account, and they could trade it 24/7. Common stocks on these lists were Apple, Tesla, Alibaba, Google, Microsoft, Ark ETF, MicroStrategy, Amazon, AMC, EB Games, AirBnB, Intel, AMD, and other top tier blue chip tech stocks.

Now it may simply be your location given you’re forced to KYC that prevents you from trading or it may just be that they’ve prevented anyone from trading where there is no location data like Uniswap.

Bittrex cut off the ability to trade their tokenized stocks. Binance previously has Apple, Coinbase, Microsoft, MicroStrategy, and Tesla tokenized stocks but stopped allowing them to be traded October 14th, 2021. Uniswap previously allowed trading them until they were hit by the SEC and promptly removed support for many tokenized tokens. CoinCodex also used to let you trade tokenized stocks. It seems most exchanges were hit all around the same time in late June this year. Uphold allows you to trade tokenized stocks in certain countries, but I wasn’t able to purchase any. Currency.com also offer tokenized stocks but not in Canada.

Sources:
https://currency.com/
https://wallet.uphold.com/dashboard/markets
https://www.binance.com/en/stock-token
Uniswap removed these tokens: https://github.com/Uniswap/interface/blob/main/src/constants/tokenLists/unsupported.tokenlist.json
https://coincodex.com/cryptocurrencies/sector/tokenized-stocks/
https://global.bittrex.com/discover/tokenized-stocks

Disclaimer: This is not financial advice and is purely for entertainment purposes. What you see, hear, or read is my personal opinion, and any statements made are based on my views and should not be misconstrued as fact. My crypto portfolio may or may not be simulated

Have you bought tokenized stocks before? Are you interested in the concept? What do you think about all of these regulations against tokenized stocks? Let me know what you think about this in the comments below and don’t forget to subscribe!
👉 https://www.youtube.com/channel/UCDBycVghUbnimnzqirsU1Jg?sub_confirmation=1 👈

👥 Support Me & Follow Me Elsewhere 👥
👉 http://www.scottcbusiness.com
Ask questions in my Telegram: https://t.me/cryptoandthings
You can find all my cryptocurrency addresses on https://cointr.ee/scottcbusiness

~ Sponsors ~

  • My top $SCB donors are Publish0x, Ralak, & JustyDoan on Memo.cash
  • This video was sponsored by CakeWallet
  • Also if you want to trade cryptocurrency futures, then check out my other video sponsor MyCoinStory: https://mycoinstory.com/register/f33bee63

#tokenizedstocks #ftx #cryptostocks

About Scott Cunningham

I am the host of Crypto & Things and a huge social blockchain enthusiast using what I believe to be the next level of social communication. I make educational content, review platforms, and share my passive & crypto income journey.


0 Comments

Markdown is supported.