Summary
- Arjun Sethi, Co-CEO of Kraken, predicted that tokenized stocks will have a greater impact than the stablecoin market.
- He explained that tokenized stocks have advantages such as transparency, quick trading, 24/7 trading availability, and global accessibility.
- He added that tokenized stocks can also be applied to futures and options trading, and the market will grow faster than expected.
Arjun Sethi, Co-CEO of Kraken, predicted that tokenized stocks will surpass the stablecoin market.
In an interview with The Block, a cryptocurrency-focused media outlet, he said, "Think about what stablecoins have achieved so far. We have thousands of products that are equal to or greater than that."
He continued, "One tokenized stock will be similar to or larger than Tether," explaining that "tokenized stocks feature transparency, fast speed, 24/7 trading availability, and global accessibility."
Furthermore, he added, "Futures and options trading can be applied to tokenized stocks," and "this market will grow much faster than we expect."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
