Buying the stock is a simple enough process. Simply add or purchase bitcoin through your trading account, then choose the stock you wish to trade and the amount of bitcoin you want to spend. Voila! Initially, all of these stocks will form trading pairs with bitcoin, but WorldMarkets may add support for future trading against other cryptocurrencies, such as Ethereum or Dash.
Additionally, users can already trade cryptocurrency pairs combining several major tokens. These include bitcoin, Litecoin, Ethereum, Dash, Bitcoin Cash, Ripple, Monero, IOTA, and more. At the same time, Bitcoinist reminds you that only keep money on exchanges that you are willing to lose. Not your private keys, not your cryptocurrency. But you already knew that right?
It isn’t really clear if stock/bitcoin trading pairs have been requested by WorldMarkets users, or simply added ‘because they can.’ No doubt, if it turns out to be a popular feature, it will be popping up on your favorite trading platform soon.
CEO and Founder of Celsius Network, Alex Mashinsky, wants to bring the next 100 million people to the blockchain. How? Through high-interest cryptocurrency savings accounts with no lock-up or penalties for withdrawing your HODLings, low-interest USD loans using crypto as collateral–and correcting our ‘bad financial habits’.