Ondo Finance will launch the on-chain U.S. stock trading platform Ondo Global Markets this summer, offering over 100 stocks and is expected to expand to thousands by the end of the year.
MAIN CONTENT
Ondo Finance is preparing to launch its on-chain U.S. stock trading platform.
Initially, more than 100 U.S. stocks will be listed on this platform.
What is Ondo Global Markets and what role does it play in U.S. stock trading?
Ondo Global Markets is an on-chain U.S. stock trading platform developed by Ondo Finance, marking an important step in digitizing the traditional financial market on the blockchain. According to the official announcement in July 2024, this platform not only helps users access over 100 U.S. stocks but also aims to expand the investment portfolio to thousands of stocks within the year.
Integrating traditional stock trading with the cryptocurrency ecosystem enhances transparency, security, and liquidity for investors worldwide.
Why is deploying U.S. stocks on the blockchain significant?
Deploying U.S. stocks on the blockchain creates a transparent, traceable transaction flow and reduces intermediary costs compared to traditional trading. This provides a more convenient, safe, and faster trading experience for investors.
“Digitizing the U.S. stock market opens a new era where blockchain supports cross-border trading, enhancing liquidity and minimizing the risk of market manipulation.”
Michael Anderson, CEO of Ondo Finance, 07/2024
How does Ondo Finance plan to expand its stock portfolio by the end of 2024?
Currently, the Ondo Global Markets platform is expected to list more than 100 U.S. stocks on-chain in its first launch. According to development plans, the stock portfolio will be expanded to thousands of stocks before the end of 2024, to meet the diverse needs of global investors.
This plan is based on the strong growth trend of the on-chain trading market and the demand for a safe, effective investment portfolio from both investment funds and individual traders.
What are the main benefits of using the Ondo Global Markets platform?
The platform not only provides the feature of directly trading multiple transparent U.S. stock codes on the blockchain but also helps reduce trading costs and increase order processing speed. This enhances the user experience compared to traditional trading methods.
Traditional Trading Criteria Ondo Global Markets (On-chain) Transparency Intermediaries, limited disclosure All transactions are publicly recorded on the blockchain Transaction speed Depends on the intermediary system Fast, automated trading, no paperwork Costs There are many intermediary fees Low, optimized fees thanks to blockchain technology Portfolio scale Depends on the exchange and regulations Easily expandable to thousands of stocks
Frequently Asked Questions
What is Ondo Global Markets?
This is an on-chain U.S. stock trading platform developed by Ondo Finance, launching in 2024.How many U.S. stocks will the platform initially offer?
Initially, more than 100 U.S. stock codes will be listed on the system.What are the advantages of on-chain trading compared to traditional trading?
On-chain trading enhances transparency, reduces costs, and increases order processing speed.Will the platform expand its stock portfolio?
Yes, it plans to expand to thousands of stocks by the end of 2024.Which investors are suitable for this platform?
Suitable for investors seeking transparency, safety, and diversity in trading U.S. stocks.
Source: https://tintucbitcoin.com/ondo-finance-ra-mat-ondo-global-markets/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!