CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • Fund
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$62,342.00
  • ethereum
    ETH$2,424.85
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    Home » Crypto News » Bittrex Adds Support For Gamestop, AMC, and Other Stocks Delisted By Robinhood

    Bittrex Adds Support For Gamestop, AMC, and Other Stocks Delisted By Robinhood

    Author: Mandy Williams

    Last Updated Jan 30, 2021 @ 11:49

    Crypto exchange Bittrex has added support for all the tokenized stocks delisted from Robinhood and other trading platforms.

    The veteran U.S. cryptocurrency exchange, Bittrex Global, has recently announced that it will now start offering the tokenized stocks that have been delisted from several trading platforms like Robinhood following the GameStop saga. 

    According to a Friday report, the exchange has decided to list tokenized stocks for Gamestop (GME), AMC Entertainment (AMC), Nokia, BlackBerry, and iShares Silver Trust with plans to list more additional stocks whenever they are delisted from other platforms. 

    “We intend to list every stock that gets delisted from platforms like Robinhood so that even small investors have the same opportunities afforded to multibillion-dollar financial institutions,” Tom Albright, CEO at Bittrex said.

    Leveling The Ground

    He further added that “the current situation feeds into the narrative” that the existing financial system puts retail traders in an unfavorable position. However, blockchain and cryptocurrencies will change this, putting the “little guys” on a “more equal footing with financial institutions who have been gaming the markets for decades.”

    The company’s decision to list these tokenized stocks came after the Robinhood and WallStreetBets Redditor’s saga which saw Robinhood delisting GME from its trading platforms due to its meteoric price surge.

    This move by Robinhood prompted an extreme backlash from retail investors, especially those in the Reddit Group, leading to a series of market events including an increase in the prices of DOGE and Bitcoin.

    ADVERTISEMENT

    By listing these tokenized stocks that are currently being suspended by several firms, Bittrex is allowing retail investors to trade on the stocks that they are interested in at any time they wish to do so. 

    The company also allows its clients who do not have the needed funds to purchase complete shares to buy portions of any shares they are interested in trading.

    It’s worth noting, though, that Bittrex is a centralized exchange, and there’s nothing preventing it from pulling those stocks off the markets as they see fit.

    FTX Launches Wall Street Bets Index

    Still on the Robinhood fiasco, popular cryptocurrency derivatives exchange, FTX, has recently created an index named after the “GME Army,” the WallStreetBets Redditors.

    The exchange named the index “Wall Street Bets Index,” which is the Reddit group that was alleged to have fueled the price pump of those tokenized stocks.

    In an official blog post, FTX said:

    “We’re happy to announce that we have launched trading for a basket of Wall Street Bets markets.”

    The issue is developing at an increasing rate, with regulators trying to look into it so as not to create further problems. At this point, we all have to wait and watch.

    SPECIAL OFFER (Sponsored)
    Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

    PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

    You Might Also Like:

    • american_airlines_cover
      More From Wall Street Bets: American Airlines (AAL) Stock Price Skyrockets 85% Pre-Market
    • Guggenheim
      Wall Street Giant Guggenheim Fund Seeks SEC Approval to Buy Bitcoin Worth up to $500 Million
    • GameStop
      Anthony Scaramucci: The GameStop Frenzy Highlights Bitcoin's Strengths
    Tags: Bittrex Wall Street
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Mandy Williams
    More posts by this author

    Mandy Williams is a freelance writer and a crypto fanatic. Mandy believes in the disrupting power of cryptocurrencies and blockchain technology; hence she's on a mission to help spread the good news about the crypto industry. She loves teaching and currently pursuing a career in marketing. Contact Mandy: Twitter

    button
  • bitcoin
    BTC$62,342.00
  • ethereum
    ETH$2,424.85
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    bigomex
    Bitcoin Editorials
    4 Reasons Altcoin Season 2021 Has Officially Started

    4 Reasons Altcoin Season 2021 Has Officially Started

    After Tesla: Is Apple Eyeing Bitcoin? What We Could Expect to See Next (Opinion)

    After Tesla: Is Apple Eyeing Bitcoin? What We Could Expect to See Next (Opinion)

    What Is NFT? Non-Fungible Tokens Guide For Dummies

    What Is NFT? Non-Fungible Tokens Guide For Dummies

    What is BitClout? The Latest Crypto Hype – Is It Safe?

    What is BitClout? The Latest Crypto Hype – Is It Safe?

    What is Dogecoin (DOGE)? 5 Facts About the Crypto That Started as a Joke 

    What is Dogecoin (DOGE)? 5 Facts About the Crypto That Started as a Joke 

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    About
    Advertise on CryptoPotato
    About Us | Contact Us

    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Cannabis Stocks News | Market Analysis
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!