Opens Up The World Of S&P 100 Stocks For Crypto Investors With Bitcoin (BTC) Opens The World Of Stocks With Bitcoin (BTC)

Investment has a long history of being inaccessible to the common man. In fact even today a majority of the older demographic those who fall into the median income bracket, prefer to keep away from direct investments in stocks. Thus, investing via crypto is already looked at with trepidation. To make matters worse, stocks and shares are generally hard to buy with bitcoin. indeed it might seem like a simple cross-over in the two markets, direct trading of bitcoin is fraught with danger. A search for this option usually shows nice long pages with no substance; worse still, certain sites are flagged for possible spoofing and untrusted certificates. This is where the new trading platform, comes in.

What Is

This new trading platform has listed the entire Standard and Poor 100 stocks, to trade against bitcoin. This allows a user on to use their bitcoin to purchase stocks in major complies such as Apple and Facebook, and the other 98 companies as well. The platform intends to extend this functionality to cover the entire S&P 500 share index, soon. They have also noted that the next iteration will expand further by including stock exchanges from around the globe. These are plans for major centers like the UK, Germany and Japan and upcoming markets like Brazil and Korea.

How Does The Crypto Trading Work

The entire process will be done making use of tokenized and fractionalized smart contracts (TFSSC). This will let the clients buy, sell and hold actual company stock using the blockchain.

For the uninitiated, TFSSC is the process of transferring the rights to an asset into a digital token on a blockchain, using smart contracts. This allows them to be traded and cuts through the complex legal agreements and paperwork, that would otherwise be needed. Not only will this abet in simplifying the process, but it will also decrease the chances of erroneous transactions and reduce any associated fees.

Buying and selling is as simple as adding bitcoin through the trading account, then choosing the stock that one wishes to trade along with the amount of bitcoin to spend.

At the moment all stocks are formed into trading pairs with Bitcoin. WorldMarkets has noted that they will be attempting to add further trading options using other major cryptocurrencies like Ethereum and Dash. At the moment one can trade cryptocurrency pairs of major altcoins such as Litecoin, Ethereum, Dash, Ripple, Monero, and a few others.

A Unique Opportunity

The stock/bitcoin trading pairs is certainly a unique opportunity that is yet to be offered elsewhere. Undoubtedly, as the feature gains more popularity, it will be offered by another trading platforms, as well.

It should be noted that only about 25 percent of the stocks listed in the S&P 100 have a higher market capitalization than Bitcoin. At its peak prowess, Bitcoin had a higher valuation than more than 90 percent of the listed stocks. However as the effects of the recent tumble affect the blockchain industry, its influence can be felt on the stock markets as well.

While this addition is certainly not reinventing the wheel, it surely is a better way of using it. After the markets have settled this would certainly be an interesting avenue to explore.

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