Bittrex Global is now offering trading in tokenized equities on its digital asset exchange in cooperation with DigitalAssets.AG. Account-holders may now trade a shortlist of popular stocks like Apple, Tesla, Google, etc.
DigitalAssets.AG is based in Switzerland and facilitates the tokenization of traditional financial assets. Recently, it brought stocks trading to another digital asset exchange in cooperation with German-based CM-Equity AG.
Traders will not have to use an external broker or pay additional fees, according to Bittrex. Shares can be purchased using either US dollars (USD), Tether (USDT) or Bitcoin (BTC), twenty-four hours a day, seven days a week.
As well, the tokenized stocks will be available as fractional shares making certain securities more approachable for a wider audience. Bittrex Global says it plans to quickly increase their offerings by giving its customers exposure to ETFs, indices, and additional asset classes.
“The traditional stock exchanges of the world’s financial capitals have for centuries set the terms for engagement and trading. Clearing systems are inefficient and complex and trading small volumes can be expensive and take days, all of which is totally unnecessary given the technological advances that have been made in the last decade,” said Bittrex Global’s CEO Tom Albright. “Blockchain technology has the potential to radically broaden access to financial services, and Bittrex Global is very proud to provide people with a portal to build their capital and private wealth in a way that was unimaginable a decade ago.”
Bittrex Global’s customers may now purchase and trade the following tokenized stocks:
- Alibaba (BABA)
- Amazon (AMZN)
- Apple (AAPL)
- Beyond Meat Inc (BYND)
- BioNTech (BNTX)
- Bilibili (BILI)
- Facebook (FB)
- Google (GOOGL)
- Netflix (NFLX)
- Pfizer (PFE)
- Tesla (TSLA)
- SPDR S&P 500 ETF (SPY)
Bittrex adds that these tokenized stocks are available even in countries where accessing US stocks through traditional financial instruments is not possible.
Tokenized stocks can be traded alongside over 250 digital assets listed on the Bittrex Global exchange.