Kraken, a leading cryptocurrency exchange, has introduced a new feature allowing users to trade tokenized derivatives of US stocks around the clock, seven days a week. This service enables investors to access tokenized US stock derivatives with up to 20x leverage, offering opportunities to amplify their investments and potential profits. Tokenized stocks represent traditional equities converted into digital tokens using blockchain technology, allowing investors to trade these tokens without purchasing the actual stocks, thereby benefiting from market movements more flexibly. This initiative is part of Kraken’s ongoing efforts to bridge the gap between traditional stock markets and the cryptocurrency ecosystem. As the crypto market continues to innovate and attract a growing user base, this new offering is expected to expand investment opportunities. However, the use of high leverage also increases risk, necessitating caution and a clear understanding of potential losses by investors. Kraken’s move comes amid strengthening ties between cryptocurrency and conventional financial markets, with tokenized stock trading providing greater market accessibility and flexibility. The exchange plans to introduce further innovations and features to enhance user experience in this domain.
Source: coindesk
