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Tokenized Stocks Are Here & Under Fire

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1 month ago

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.

https://youtu.be/PZBM2_nDm8U

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!

 

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Comments

That is such a cool concept actually. Tokenizing stocks is a genius idea. I will be surely looking for more info about that.

$ 0.00
2 weeks ago

No e tenido la oportunidad de ver el juego del calamar, pero si e escuchado que es excelente 👍

$ 0.00
2 weeks ago

Wow, nice nd beautiful article

$ 0.00
3 weeks ago

Wow! now I know, Thanks for the video you share .I'm newbie here .

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1 month ago

Wow, thanks for sharing informations here @ read.cash Mr. Scott

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1 month ago

Haha... Really learn from your video. I got more knowledge about crypto currency exchange

Am very grateful i saw this to learn about crypto exchange. Thanks alot sir

$ 0.01
1 month ago

Thanks for these knowledge about crypto Mr. Scott, I'm newbie in this platform

$ 0.01
1 month ago

This is so informative Thanks for sharing

$ 0.01
1 month ago

Thanks for sharing your this with us. Quite new to the crypto market and all

$ 0.01
1 month ago

Thanks for one more video. I was positively shocked by the amount of reward you got on Odyssey Around 170K LBRY, that's around $10k Congratulations, I knew you are already very successful there, but this amount is inspiring! I get only 1-5 LBRY per month on all content)

$ 0.01
1 month ago

Haha I wish. That's just supports. Mine and someone else. I only made like 200 LBC from that video. You can "support" / "stake" LBC on your video to give it more visibility and to others it could be interpreted as a tip, but that's never the case

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1 month ago

As I understood, you can withdraw these tips (but then you will lose visibility). But of course if you don't plan to cash out, maybe it's reasonable to leave this amount I know I won't make even 200 LBC a month on Odysee, but I'm still use it, as it's good atempt to make Youtube alternative

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1 month ago

Yes but most of the LBC there is LBC I own and put towards visibility myself so 99% of it is not really a tip or a reward, it's just my funds

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1 month ago

Thanks for the heads-up

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1 month ago

I've really got to set an extra time for this things Sir Scott. Learning all about Cryptocurrency and its Finest really gives me a hard time. But, I will surely do and give my best to learn all these things, little by little. This new updates are really exciting..

Thank you for giving us the opportunity to learn about it by sharing all of these to us. :)

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1 month ago

All of this updates are exciting even if I know a little scott! Hey I have read your other article about the sponsors list too and how to's, you maybe busy to your tasks and I greatly appreciate to be added to those lists of vibrant people. Thank you. Buying stocks with our tokens are incredible ideas, it will let me use just one wallet for the transaction then. I will write it in our language, my friends will surely like it aside from adopting BCH. Love it! 💕. SuperJulalaine!

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1 month ago