Backpack opens 24/7 trading for real U.S. equities to overseas investors
The post Backpack opens 24/7 trading for real U.S. equities to overseas investors appeared on BitcoinEthereumNews.com. Crypto wallet and exchange, Backpack, has launched 24/7 trading for international investors, allowing the buying and selling of real U.S. shares, starting with SpaceX (SPCX), Micron Technology (MU), and SanDisk (SNDK). Now traders outside the U.S. who previously had to wait for Wall Street’s opening bell, or settle for derivative products, can have American stocks at their fingertips. According to the company’s announcement, buyers hold the actual securities they acquire, with each position backed one-to-one by shares kept in U.S. custody. Holders are also entitled to dividends and corporate actions, the same as any registered shareholder. Backpack brings U.S. tokenized securities Backpack’s tokenized securities platform draws liquidity from traditional exchanges to ensure prices are moving even when the markets are closed, making overnight and weekend trading possible