With Futu Securities and Tiger Brokers further closing US stock account opening channels for mainland Chinese residents, mainland Chinese residents without overseas permanent residency status are now essentially unable to open accounts and buy US stocks directly through brokerages.
In the future, the mainstream way for mainland Chinese users to trade US stocks will likely shift to tokenized US stocks. We expect a significant increase in both user numbers and trading volume in this area. This is because support for this area is already quite comprehensive. For CEXs, several currently support tokenized US stock trading, while those looking to trade on-chain have @MyStonksCN.
For cryptocurrency traders, trading US stocks through tokenized US stocks is no different from trading on-chain, making it more convenient than using a regular brokerage.
The only current drawback is limited liquidity and depth, making the large-scale trading experience less than ideal. However, as tokenized US stocks gain more users and market makers increase their investment, liquidity will only improve.
mystonks.org/?code=ktUm26
twitter.com/EmberCN/status/197...
