Yesterday, it was reported that Bittrex quickly listed tokenized securities representing GameStop and AMC Entertainment. Today, Bittrex is expanding this list taking advantage of trading demand for highly shorted shares that have been targeted by certain forums like Wallstreetbets on Reddit. Bittrex is out with a statement on the new listings adding Blackberry, Nokia, and iShares Silver Trust to its digital asset exchange.
Bittrex Global CEO Tom Albright commented on the move:
“We intend to list every stock that gets delisted from platforms like Robinhood, so that even small investors have the same opportunities afforded to multibillion-dollar financial institutions. The current situation feeds into the narrative that the financial system is rigged against the little guy. We believe blockchain, decentralization, and cryptocurrencies will finally put retail investors on a more equal footing with financial institutions who have been gaming the markets for decades.”
Obviously, Bittrex sees a unique opportunity in listing tokenized securities that represent shares that have seen trading curtailed by brokerage firms.
Bittrex notes that these tokenized stocks are available for all non-US investors. Tokenized stocks can be traded alongside over 250 digital coins and tokens listed on the Bittrex Global exchange. While US investors may be excluded from the listings the Gamestop phenomenon has emerged as a global occurrence.
Bittrex is regulated in both Lichtenstein and Bermuda.