SpaceX's price moved 6.5% over a weekend. No exchange was open to confirm it.
The tokenized version was. $SPCXB kept trading through Saturday and Sunday, forming a price with no primary market to check it against.
By SPCX's own Monday open, the gap between the two prices: 0.09%.
Roughly half of all bStocks volume happens during hours the underlying market isn't even open.
That's not convenience layered on top of a stock. That's a second venue discovering price while the first one is switched off.
Which one found it first and which one just confirmed what was already there?
@BinanceCIS #bStocksCIS
The tokenized version was. $SPCXB kept trading through Saturday and Sunday, forming a price with no primary market to check it against.
By SPCX's own Monday open, the gap between the two prices: 0.09%.
Roughly half of all bStocks volume happens during hours the underlying market isn't even open.
That's not convenience layered on top of a stock. That's a second venue discovering price while the first one is switched off.
Which one found it first and which one just confirmed what was already there?
@BinanceCIS #bStocksCIS