Bittrex - support for stocks delisted by Robinhood

In recent days, you certainly could not miss the case around the Wall Street Bets, which was to pump the price of some shares, such as GME, AMC and others. Some of the traditional stock trading platforms, led by Robinhood, have responded. In tokenized form, however, they will now be traded on Bittrex.

What exactly Bittrex is?

Bittrex is a well-known American cryptocurrency exchange, but it shows that it does not target purely cryptocurrencies. In addition, by listing the tokenized shares of companies that traditional brokers reject, it shows the strength of cryptocurrencies and decentralization. At present, these are just delisted shares by traditional brokers, namely Gamestop, AMC Entertainment, Nokia, BlackBerry and iShares Silver Trust.

In addition, they have already announced that they will continue to add support for delisted shares! Bittrex CEO said more:

“We plan to list every stock that will be delisted from platforms like Robinhood so that smaller investors have the same opportunities as multibillion-dollar financial institutions.”

Retail in a disadvantageous position

Among other things, he also talked more about how the current situation only exacerbates the issue of the fact that the current financial system puts retail in a very unfavorable position when trading. However, he believes that it is the blockchain and cryptocurrencies that will change this situation, as they provide even smaller investors with a more comparable position with financial institutions that have been on the market for decades.

In addition to the overall provision of retail access to trading in these shares, tokenized shares bring other benefits to investors with smaller capital. Bittrex also offers the possibility of buying only a part of such shares, which significantly reduces the entry barrier to their trading. Another advantage is, of course, the possibility of trading 24/7.

Despite the fact that some of the brokers (eg Robinhood) have already started trading in these shares, it is only trading in a limited form with, for example, limited purchase options. Therefore, it may seem more advantageous to use Bittrex, but it should be noted here that it is a centralized platform, which may in the future, for example, also reduce stock trading.