Breaking News! Are the stocks of Apple, Tesla, and Nvidia going to 'transform' into cryptocurrencies?
According to foreign media reports, the large U.S. cryptocurrency exchange Kraken intends to convert star stocks like Apple, Tesla, and Nvidia into blockchain tokens, allowing users to trade directly using cryptocurrencies like Bitcoin, enabling 24/7 operations.
Key Information Overview
Tokenization Principle
Token prices are anchored to real stock price fluctuations, but users do not directly hold the stocks; instead, they are indirectly linked through financial derivatives. Currently, the plan is still in the compliance review stage.
Why choose these three companies?
Apple, Tesla, and Nvidia are 'top-tier' in the U.S. stock market, especially Nvidia, which has seen an over 200% increase this year due to the AI boom. Kraken clearly intends to attract traffic through this.
The Exchange's Calculation
By integrating traditional financial assets, they earn trading fees while using the credibility of U.S. stocks to reduce the 'high-risk' label of cryptocurrencies. Previously, Binance's similar business was halted by the SEC, and Kraken needs to resolve securities compliance issues.
Risks and Controversies
Retail Investor Trap: It seems to lower investment thresholds, but in reality, users cannot enjoy shareholder rights; it is essentially a price betting tool. If the exchange faces a crisis, the tokens could become worthless.
Regulatory Pressure: The SEC is likely to intervene, but crypto platforms often evade regulation through overseas structures, which could lead to a prolonged tug-of-war.
Increased Market Volatility: After-hours fluctuations in U.S. stocks combined with round-the-clock trading in the crypto market could expand price manipulation opportunities, possibly triggering greater financial risks.
Direct Insights
This move is essentially a survival strategy for crypto exchanges—in the wake of an industry credibility collapse, there is an urgent need to revitalize the market with a new story of 'traditional assets + blockchain.' However, investors need to be cautious: this is nothing more than a speculative game dressed in the guise of compliance, with risks far exceeding those of standard stock trading. If you truly want to invest in tech stocks, opening an account directly is the right way; at least your stocks won't be run away by the platform.
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