101–110 of 121 posts
How is the opening stock price decided on a direct listing? Is there a way to put in orders for a ticker before it has opened/been listed so that you can purchase at 9:30 on the 14th?
Look for an order type called "limit on open," or its radioactive cousin, "market on open." The reason people don't do this is, that kind of order requires having an opinion about what a stock should be priced at. And retail traders basically never have that opinion.
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> Many Stock brokers like Webull let you buy crypto, but you can't transfer them to your wallet or use them to make purchases. Fair, but I feel like most people I know aren't using crypto as a currency right now. They're more interested in holding or speculating on the price, so transferring to another wallet is a non-issue. > Also, they claim no fees, but they add the fee to the spread (the spread is artificially in…
The maximum that you can get charged at Coinbase is 1% for a buy & sell transaction pair (0.5% each way), if you don't trade much... so half of webull : https://i.imgur.com/IohYn4o.png But it goes down quickly. It gets cut in half if you trade $50k/month and goes to down to 0% if you trade a lot.
Coinbase charges 2.5% to purchase.
How is the opening stock price decided on a direct listing? Is there a way to put in orders for a ticker before it has opened/been listed so that you can purchase at 9:30 on the 14th?
RBLX just did a direct listing. They set a reference price at $45. Later in the day (they did not start trading until midday) the reference price was adjusted to $60. I had two limit orders. One from day before at $50, another placed at noon at $62. None of them executed, since it opened at $64+.
What happens when the US bans Bitcoin?
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RBLX just did a direct listing. They set a reference price at $45. Later in the day (they did not start trading until midday) the reference price was adjusted to $60. I had two limit orders. One from day before at $50, another placed at noon at $62. None of them executed, since it opened at $64+.
Thank you. When did they set the reference? The day of or before?
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But bigger brokers (in fact, much more than just brokers) like Merrill ($18B) or Schwab($10B) do not report their transaction volume as revenue.
I'm having trouble finding a good citation, but I think the GP is referring to a quirk of US accounting rules that causes crypto trades specifically to be counted as revenue. The same does not apply to traditional financial market trades, which I think is what your numbers are.
What happens when the US bans Bitcoin?
There was a time when would have loved to buy Coinbase stock. Just a few years ago, they were by far the easiest was to buy crypto (IMO). At that time they also felt like the most legitimate site and for people who didn't 100% know what they were doing, but wanted to buy some Bitcoin, that perception of legitimacy is important. For those reasons, I feel like they kind of dominated the casual coin holder space, and I…
> it feels like pretty much every stock broker app will now let you buy Bitcoin and they'll do it with lower fees than Coinbase Coinbase even undercuts themselves. Use the Coinbase App - 2.5% fee. Use the Coinbase Exchange App (Coinbase Pro) - 0.5% Fee. So... buy your Bitcoin (and others) through the Coinbase Pro website/app, then transfer them into your Coinbase wallet/vault for free.
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There's a reason access to capital markets is somewhat restricted. Investors are going to get fleeced. I only wish the SEC (or the European authority) had more bite, as stokr absolutely deserves to be shut down.
Why?
They are in full compliance of EU regulations: "The issuance of securities is governed by EU regulations and is available in a number of European countries. STOKR is constantly working on making the securities available in as many countries as possible. Both individuals and legal entities can invest on STOKR."
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>Apex Crypto is a crypto clearing house, similar to the clearing houses we have for the stock market Is this the same "Apex" that handles clearing for stocks?
I'm not 100% sure. I actually tried to do some research on that a few months ago and couldn't find anything definitive one way or the other (I haven't looked since then). When I did look, I found some press releases about them partnering, but it was light on details. Based on the name and the fact that their logos now match (they didn't used to), my guess is that they aren't two separate companies.