Tokenized SanDisk bets see more liquidations than $XRP, raising questions about the volatility 24/7 trading will bring
The most interesting part of this story is the one there in the headline. Tokenized SanDisk bets saw more liquidations than XRP. Bitcoin had the most, then Ethereum, Solana, Zcash, Near, SanDisk, Hyperliquid, XRP. Now we have tokenized equities, or more specifically a perpetual offered on an equity on a crypto exchange, seeing larger liquidation numbers than some of the largest cryptos. Which really, really, really makes you wonder what is going to happen when everything is tokenized and markets are 24/7, 365. To give you the TLDR on that conversation, there’s going to be a lot of hours with thinly traded books where we’re going to see massive volatility while people are sleeping. Some of that will happen on crypto exchanges when the other exchanges are not open, because we’re going 24/5 with the NASDAQ, but that still leaves the weekends. There’s going to be core trading hours, and in the after hours sessions, which will no longer be after hours, there’ll probably be less people trading. You’re going to have a lot more volatility and insanity, especially as we make that transition.
#Tokenization #Crypto
The most interesting part of this story is the one there in the headline. Tokenized SanDisk bets saw more liquidations than XRP. Bitcoin had the most, then Ethereum, Solana, Zcash, Near, SanDisk, Hyperliquid, XRP. Now we have tokenized equities, or more specifically a perpetual offered on an equity on a crypto exchange, seeing larger liquidation numbers than some of the largest cryptos. Which really, really, really makes you wonder what is going to happen when everything is tokenized and markets are 24/7, 365. To give you the TLDR on that conversation, there’s going to be a lot of hours with thinly traded books where we’re going to see massive volatility while people are sleeping. Some of that will happen on crypto exchanges when the other exchanges are not open, because we’re going 24/5 with the NASDAQ, but that still leaves the weekends. There’s going to be core trading hours, and in the after hours sessions, which will no longer be after hours, there’ll probably be less people trading. You’re going to have a lot more volatility and insanity, especially as we make that transition.
#Tokenization #Crypto
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