$DOGE

Crypto giants are making a move! Kraken enters the stock tokenization market, what is the magic of this cake?

Kraken has officially announced its entry into the stock tokenization market, instantly igniting the crypto community! Once, this field was fiercely contested by giants like Binance and Coinbase, but now with Kraken joining the fray, the competition has become even more intense.

Why are exchanges betting heavily and spending big to dominate this track? Stock tokenization is like a 'Transformers' for the financial world. It slices traditional stocks into digital tokens, allowing ordinary people to participate in investment in large companies with small amounts of money, and trading is non-stop 24/7. For exchanges, this is undoubtedly a 'treasure trove of traffic'. Tokenization lowers the investment threshold, attracting a massive number of retail investors, greatly expanding the user base. Moreover, the combination of cryptocurrency and traditional finance enriches the trading categories, and commission and trading fee revenues also rise significantly.

Additionally, the competition in the stock tokenization market has not yet been solidified; being the first to position oneself can help gain a say and even reshape financial trading rules. Under the Web3 wave, this emerging market is like an untapped 'gold mine', no wonder exchanges are racing to be the leaders in this wave of financial innovation!