Binance Wallet has launched an on-chain stock sector, allowing trading of US stocks, primarily featuring tokenized stock products from the ONDO platform, anchored to real stock market conditions with substantial trading volume. Compared to traditional brokerages, it bypasses account opening thresholds, with low fees, enabling investments starting from just a few US dollars. Trading is available 24 hours, allowing for bottom fishing or exiting before the market opens. The downside is the lack of dividend payouts, and there is a risk of depegging for tokens. For instance, PAXG, which was pegged to gold, recently experienced a depeg, and using leverage carries certain risks.
The price of ONDO dropped significantly during this recent bear market after September, hitting a bottom of 0.4 before a small rebound. It's uncertain whether this wave of tokenization in stocks can push the price back above 1 US dollar. Many new RWA projects are also working on US stock tokenization trading platforms, facing considerable competitive pressure. If the outlook is not optimistic, there could be an opportunity to short during this rebound based on previous trends.
PAXGUSDT
Perp
4,221.02
+0.38%
ONDOUSDT
Perp
0.4655
-5.88%