This article buttresses the benefits of bringing stock trading onto the blockchain (a NASDEX exposè).
Trading of stock was hitherto confined to cutting deals with brokers or buying stock directly from the company. These means of trading are limited by factors such as:
• Geographical Limitations: In most cases the stock to be purchased are only sold to investors in the immediate geographical region as the company
• Scrutiny, KYC’s and Verifications: The bulk of submissions and endless verification period is bad for an immediate investor as it takes time during which the investment should be yeilding
• Low Yield: As is the experience of most investors, the investment yield only goes up when the stock price goes up.
• Poor Stock and Crypto inter-management: Statistics have shown that most stock investors trade Crypto as well, Having to navigate between apps and be limited to stock-stock and crypto-crypto trades and exchanges is a problem that has generally limited investors.
Where NASDEX comes in
• NASDEX can offer much higher additional DeFi returns on the same stock purchase
• NASDEX offers seamless rebalancing of Equity and Crypto. This puts a stop to delay and missing trades
• Permissionless global access to stocks (no KYC)
About NASDEX
NASDEX bridges the crypto world and the equity world. It is a user friendly decentralized exchange that encourage the trading of Stocks on-chain. Users no longer have to maintain multiple centralized trading accounts just to trade equities across different markets but are endowed with the ability to manage all positions, including equity and crypto, across a single platform by simply connecting their wallets.
NASDEX aims to fix various DeFi and Traditional Limitations
For more info:
Web: http://www.nasdex.xyz/
Twitter: https://twitter.com/nasdex_xyz
Telegram: https://t.me/nasdex_xyz
Medium: https://medium.com/@nasdex