Cryptocurrency exchange Bittrex Global announced it has added support for tokenized stocks for GameStop (GME) and AMC Entertainment (AMC).
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According to an official press release, the exchange also listed stocks for Nokia, BlackBerry, and iShares Silver Trust. The exchange claim it will also list additional stocks as "other firms announce a delisting from their platforms." Bittrex Global Chief Executive Tom Albright says the initiative is focused on small investors to give them "the same opportunities afforded to multibillion-dollar financial institutions."
"The current situation feeds into the narrative that the financial system is rigged against the little guy," Albright added.
Bittrex Global emphasizes the tokenized stocks are available even in countries US stocks are not accessible. Tokenized stocks can also be traded alongside cryptocurrencies listed on the exchange.
In December last year, Bittrex Global announced listing of tokenized stocks on its trading platform. The exchange said the tokenized assets became possible thanks to a cooperation with DigitalAssets.AG. With the new product, users can get direct access to listed companies without having to use an external broker or pay additional fees.
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