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Decentralized Stock Trading Launches on DeFi Platform Injective Protocol

Tanzeel Akhtar - CoinDesk
2020-12-21 11:18
Injective Protocol, a decentralized derivatives exchange platform, is launching trading in tokenized stocks of major companies like Google. Injective said that it would use Band Protocol’s oracle technology to provide decentralized price data for its new market.
A second collaboration with decentralized payments firm Terra will provide historical price data from outside traditional market hours, allowing trading around the clock. Users can leverage the Injective Solstice V2 network to trade stocks with the tether (USDT) stablecoin "in a completely decentralized manner with zero gas fees,” Injective said. The stock offerings initially include Airbnb, Tesla, Amazon and Google, with more companies to be introduced in the future.
“Investing in stocks still remains inaccessible for billions of people worldwide while the existing platforms act as gatekeepers and suffer from technical challenges,” said Eric Chen, CEO of Injective Protocol.
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