Phyrex
Phyrex|Aug 16, 2025 13:03
Before, I mentioned that xStock itself is also a pit, with poor liquidity and depth. A large number of coins and stocks cannot be delivered. In fact, many partners do not understand. Whether it is xStock or Ribinhood, what they are doing now is only mapping "stocks" onto the "chain". Speaking in person means issuing a Token with a name corresponding to the stock, which has nothing to do with the stock itself. It does not enjoy the liquidity or depth of the stock, and is not a one-time event. Even many times, the price of a token does not coincide with the underlying stock, and the reason for not overlapping is because it cannot be delivered. Without delivery, there is no arbitrage meaning, and naturally there will be no price correction. Nowadays, those who are more compliant are those who own 5000 shares of Tesla and then issue 5000 shares of Tesla Token. However, Tesla's stocks and tokens cannot be physically exchanged. If not, only the issuer can do so. Of course, Ribinhood now supports dividends and stock splits, but delivery is still not possible. The future belongs to on chain securities firms, but this path is still difficult to take at least for now. Decentralized Broker DeBroker This article is sponsored by Bitget | @ Bitgetzh
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