Hello Carlos
Let's start with the top 3 cryptocurrency prices:
- BTC: $54,807
- ETH: $2706
- BNB: $561
Lets imagine a world where:
- You can trade stocks 24*7
- There is no entry age barrier or geo-location barrier?
- Instant liquidity
- Extra yield on your purchases stocks
Well, all this is now a reality... Read on to learn more
Suppose if you are a resident of Australia and want to buy a stock of Tesla, Inc., you would need to open a stock account with a brokerage firm with a license to operate in the USA.
However, suppose you have an account with Binance exchange (the world's leading cryptocurrency exchange). In that case, you do not need to find a US-based brokerage firm and can simply buy a TSLA token (One TSLA token represents one equity share of Tesla). This process would save you from the hassles of opening an account with a brokerage firm and sometimes saves the brokerage fee substantially.
Thus, tokenized stocks can be defined as a token that is a synthetic version of an equity share (such as Tesla, Facebook, Netflix, Uber, etc.) in the traditional stock exchange. Tokenized stocks connect traditional stock markets (such as NYSE or NASDAQ) with the crypto markets (such as Binance exchange and FTX exchange).
Check out: Best tokenized stock platforms ✅
Video tutorial:
(Click on the image to watch the video)
Top Tweet of the day:
April 28th 2021
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Top Crypto News of the day:
💎 Tokyo-listed gaming giant Nexon invests $100 million in Bitcoin (BTC)
South Korean–Japanese game maker Nexon today announced a $100 million investment in Bitcoin (BTC).
The firm is listed on the Tokyo Stock Exchange (TSE: 3659) and specializes in online games for PC and mobile. It maintains over 50 titles—including hits like MapleStory and Crazyracing Kartrider—in distribution at present.
The firm said it picked up 1,717 bitcoins for approximately $100 million (¥11.1 billion) at an average price of approximately $58,226 (¥6,446,183) per bitcoin, inclusive of fees and expenses.
The purchase represented less than 2% of Nexon's total cash and cash equivalents on hand, the firm added.
💎 Ethereum on a high after European Investment Bank's $121M digital bond news
Ether (ETH) prices skyrocketed to a new all-time high on Wednesday on the back of positive news from the European Investment Bank.
While there is a range of factors propelling Ether's price, Reuters today attributed it to the news that the European Investment Bank is launching a "digital bond" sale using the Ethereum network.
The EIB is issuing a two-year 100-million-euro ($120.8 million) digital bond, with the sale to be led by Goldman Sachs, Banco Santander and Societe Generale, according to analysts at Bloomberg.
💎 Mastercard Revealed as Partner on Gemini Crypto Credit Card
Gemini, the cryptocurrency exchange and custodian founded by the Winklevoss brothers, has partnered with Mastercard to launch a crypto rewards credit card this summer.
The Tuesday announcement reveals further details about Gemini's upcoming credit card, which was first announced in January.
This is not the first credit card to make crypto rewards available for crypto cardholders. Back in December, cryptocurrency lender BlockFi announced the launch of its rewards credit card in the first quarter of this year, calling it the first of its kind in an industry that is already saturated with bitcoin reward debit cards.
That's all for today.
See you tomorrow with more updates.
Harsh Agrawal
Founder @ CoinSutra.com
Top Tokenized Stock Platforms + 🔥Ethereum All Time High