Regulations on exchanges are actually a big win. Did you guys know you can now trade real world assets like TSLAX and GOOGLX on them? But I came across something called TradiFi, which seems like real stock trading, like actual TSLA. Am I off base here?
Lol, this just shows how speculative trading is basically gambling. If it’s not on major exchanges like Nasdaq or NYSE, we’re just betting on price movements. Honestly, it doesn’t matter which one is better for traders since they’ll just go for whatever’s available on their fave exchanges.
I don’t mind either, but tokenized stocks usually have low liquidity. I prefer using dedicated stock apps for that reason. Just checked TSLAX on Bybit, and the volume is only $221k with 20k depth. That’s some serious slippage.
I’m not just talking about tokenized stocks here. TradiFi works through a third party. But the volume is hidden, which feels sketchy to me. Might be super low.
Honestly, I’m cool with CEXs offering tokenized assets. Switching between stocks and crypto is a great feature. Yeah, they’re a bit speculative since they don’t directly hit NYSE or Nasdaq, but the potential rewards are worth checking out.
I already mentioned that TradeFi is different from tokenized stocks. Some folks will always prefer real assets for trading since they usually have better liquidity and market cap. You never know when a token might depeg.
From a regulatory standpoint, we’re losing our trading freedom. Exchanges are getting stricter with questions about our income and where we work. I miss the days when we could trade Bitcoin without all this snooping.
Every coin comes with risk. Just because these are tokenized real world assets doesn’t change that. It’s another way to trade stocks within crypto exchanges. Just remember to withdraw your profits regularly to manage your risks.
Liquidity matters. So far, tokenized stocks have low liquidity. Most traders would rather stick to exchanges where real stocks are listed. Just looked at TSLAX and GOOGLX they barely hit $50-60k in volume. No thanks.
Exchanges like Bitget, Binance, and OKX are already leading the way. The stock futures feature is pulling in both crypto and stock traders. Still wrapping my head around how they handle funding rates during weekends.
Regulations won’t stop them. They can add whatever they want. Just like traditional brokers, they’re adapting and it’s a trend. Retail brokers are in trouble now since crypto exchanges are snatching their customers.
Exchanges jumping into stock trading could be exactly what crypto needs for wider adoption. The synergy in how they approach this could attract more traditional traders.
Tokenized stocks could be traded 24/7 if they’re done right. That makes them more like crypto, and lending/borrowing could happen using tokenized stocks as collateral. It could boost adoption.
What I see on Bybit’s TradeFi is different. There are tokenized assets like Gold already. This is more about traditional asset trading, not just tokenizing. You need a special MT5 account to trade there.
Gotcha! Haven’t checked Bybit yet, but on Bitget, you can trade these assets directly without needing an intermediate broker like MT5. Plus, trading doesn’t happen on weekends.