BiyaPay USDT Trading of US Stocks and Tokenized US Stocks on Kraken: Differences and Innovations
The cryptocurrency trading platform Kraken recently announced that it will launch a "tokenized US stocks" service for non-US customers, allowing trading of popular US stocks such as Apple, Tesla, and Nvidia in the form of digital tokens. This innovative product digitizes US stocks, converting them into tokens that can be traded on the blockchain, similar to how Bitcoin operates.
The biggest highlight of tokenized US stocks is the support for 24/7 trading, allowing international investors to participate at any time, even when the US stock market is closed, significantly enhancing investment flexibility.
This initiative marks an important step towards the integration of traditional financial markets and digital currencies, providing non-US investors with a convenient channel for investing in the US stock market.
In contrast, BiyaPay's USDT trading service for US stocks takes a more direct approach. BiyaPay allows investors to buy and sell real US stocks directly through the stablecoin USDT, which is exchanged 1:1 with the US dollar, relying on fully compliant securities trading channels. BiyaPay not only supports US stocks but also covers various investment portfolios including Hong Kong stocks, and provides multiple fiat currency deposit and withdrawal services such as USD, HKD, and EUR to meet the diverse needs of investors.
The two models have significant differences in their implementation and advantages. Kraken's tokenized US stocks break the traditional stock market's trading time limits by converting stocks into digital tokens, making it suitable for investors seeking flexibility and 24/7 trading. However, there may be price deviation risks during the tokenization process.
Our BiyaPay USDT trading solution emphasizes direct ownership of the underlying stocks, avoiding the price volatility risks associated with tokenization, ensuring that investors' assets are linked to real stocks while providing broader compliance and investment options.
The innovative models of Kraken and BiyaPay together promote the deep integration of cryptocurrency and traditional finance. Kraken expands trading hours and market accessibility through tokenization technology.
BiyaPay, on the other hand, serves as a bridge with stablecoins, providing a compliant investment path for US stocks. These two approaches offer international investors more diversified options, heralding a broad prospect for the integration of financial markets and digital currencies.
In summary, we feel that BiyaPay is more suitable for friends in the crypto circle, offering US stocks/Hong Kong stocks as well as contracts, all handled by one app, simple and easy to understand, and convenient to operate!
