PancakeSwap (CAKE) is turning the crypto world upside down with its new stock perpetuals. Starting Wednesday, August 6, traders are able to bet on the price moves of Apple, Amazon, and Tesla, without ever touching the stocks. Who needs a traditional brokerage when you’ve got PancakeSwap making it so easy?
These nifty contracts don’t expire, letting users ride the waves of price swings with a juicy 25x leverage. All the action is happening directly from your crypto wallet, so you don’t even need to deal with pesky brokerage accounts, though, fair warning, trading will still be limited to stock market hours. So, no late-night buying Tesla stock... unless you’re in the right timezone, of course.
Ready to go big? You can go long or short, meaning you can make a killing or lose it all. Derivatives are risky business, especially shorting, where you might end up losing more than your initial stake. So, if you're going to do it, make sure you're strapped in and ready for the crazy ride.
Tokenized Stocks
PancakeSwap isn’t the first to bring the stock market to crypto, though they’re certainly stirring the pot. Back in May, Strike introduced stock perpetuals on Cardano, and xStocks is doing something similar. Even Gemini hopped on the bandwagon in July, expanding its tokenized stock offering in the EU with 14 new stocks.
Tokenized stocks are here to stay, and they’re breaking barriers. Users outside the U.S. can finally trade without needing a brokerage account or battling through endless KYC hoops. It’s like a full-on DeFi revolution, where traditional finance and crypto collide in the most interesting ways.
So, no need to wait for the next IPO or open a Wall Street account. Just grab your crypto wallet and jump into the stock market, no paperwork required. Easy, right?
Gunel Ismayilova
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