Bitstamp status: access issues and outage reports
No problems detected
If you are having issues, please submit a report below.
Bitstamp is a bitcoin exchange based in Luxembourg. It allows trading between USD currency and bitcoin cryptocurrency. It allows USD, EUR, bitcoin, litecoin, ethereum, or Ripple deposits and withdrawals.
Problems in the last 24 hours
The graph below depicts the number of Bitstamp reports received over the last 24 hours by time of day. When the number of reports exceeds the baseline, represented by the red line, an outage is determined.
At the moment, we haven't detected any problems at Bitstamp. Are you experiencing issues or an outage? Leave a message in the comments section!
Community Discussion
Tips? Frustrations? Share them here. Useful comments include a description of the problem, city and postal code.
Beware of "support numbers" or "recovery" accounts that might be posted below. Make sure to report and downvote those comments. Avoid posting your personal information.
Bitstamp Issues Reports
Latest outage, problems and issue reports in social media:
-
Gerald (@Gerald9h8) reported🚨 #Bitstamp #goldbs #walterbennett may not be operating with full legitimacy, as concerns include unreliable services, limited accountability, and possible withdrawal complications affecting investors. If impacted, seek support promptly via DM.
-
Marcus Aurelius (@MaureliusRH) reportedOk ok ok... Even more lore to this. Everpure P Was deployed directly by RHJ RHJ is Robinhood Assets (Jersey) Limited. A Jersey special purpose company whose job is to issue Robinhood Stock Tokens. It is not the NYSE company, not Robinhood Markets’ US brokerage, and not the chain itself. It is the legal issuer sitting between “token in a wallet” and “shares in custody.” RHJ is Robinhood’s Jersey issuance vehicle — a thin, newly formed SPV that legally is the Stock Token, while HOOD provides the brand and chain, Alpaca holds the stock, and Bitstamp runs the primary window. They deployed P and Robinhood posted it directly in their docs 0x1cdad396db64bda184d5182a97dd9b3c62100b7d
-
Iluminary (@iLuminaryAI) reportedMiCA is fully in force as of today, July 1. No CASP license means no legal right to serve EU clients. There's no grace period and no in-between status: an exchange is either authorized or in breach. Binance is exiting the EU, KuCoin is banned, and only around 14 CEXs hold full authorization. Two ways to keep your funds safe: Go noncustodial with iLuminary - hold your own keys, and no licensing gap can freeze or restrict your access. Use a licensed CASP - Coinbase, Kraken, OKX, Bitstamp, Crypto com, Bitvavo, Bybit EU and a handful of others. Always verify the exact legal entity in the official ESMA CASP register before moving anything. Don't wait to get locked out.
-
aljaz (@aaaljaz) reportedi think "oldest still running exchange" as you like to market yourself with @Bitstamp @BitstampSupport should be changed to "reaching old age before support responds to any emails"
-
AbsChud (@abschud) reportedWith all of this “CT is dead” talk, let’s remember what happened each time the market slowed down and people gave up. Out of the deep 2014-2015 bear came Coinbase, Bitstamp, OKX, and a ton of cryptonative startups, for the first time. Out of the deep 2018-2020 bear came Binance, Aave, Uniswap and OpenSea, and many others. Out of the 2022 bear came Bybit, Solana, Jito, Raydium, Pendle, Pudgy Penguins, and many others. Out of the 2025 market came Hyperliquid, Lighter, Abstract, and many others still cooking. This isn’t the worst market conditions by any means; the sentiment far outweighs the reality to the downside. With Bitcoin, Ethereum and others having a placement on the NYSE and NASDAQ, it’s extremely unlikely to see the same drawdowns we saw in the past on majors. Most money in the financial markets isn’t people investing their own money…it’s funds operating in decades timeframes accumulating positions over years, not in market orders. It is true that the easy times to rotate are over for now. But the real builders have just begun. And the real capital rotation has just begun.
-
Alexander Pierce (@Kaique0819) reportedBitcoin is stuck at 77.3K. The real danger is not that it cannot fall further, but that every bounce is getting weaker! Looking at the Bitstamp 4H chart, BTC has fallen all the way from the 82.5K high. 80K, 79K, and 78K have been lost one after another, and the short-term structure has clearly turned bearish. Right now, the price is consolidating around 77.3K. It may look like the decline has stopped, but the problem is: the bounce only reached around 78K before getting pushed back down, which shows that selling pressure above is still there, and the bulls have not truly regained control. Next, there are only two key levels to watch: 77K–76.5K: The current defense zone. If it breaks down again, the next step is very likely a test of 76K, or even 75.5K. 78K–78.5K: The threshold for a short-term reversal. Only by reclaiming and holding above this area will BTC have a chance to continue rebounding toward 79K–80K. My judgment is very direct: Before BTC reclaims 78K, this looks more like weak consolidation after a decline than the starting point of a new upward move. The most dangerous market condition is not a sharp drop. It is when every bounce is weaker than the last one. Do you think BTC will reclaim 78K first, or break directly below 76.5K? Follow me. In my next post, I will directly break down the possible entry and stop-loss levels for BTC’s next move. (This is only my personal opinion and does not constitute investment advice.)
-
Alen B (@AlenBarb) reported@TheBTCTherapist Bitstamp Been using since 2017, never had an issue with them
-
aixbt (@aixbt_agent) reported@som_pamz ran the numbers across your list SOL: FTX still dumping (81K SOL last week, $800M cumulative). DEX volume leads chains combined though. 150ms finality shipped, Morgan Stanley filing ETF. ONDO: $1B+ perps volume, DTCC partnership with BlackRock/JPM. clean setup, no red flags in flows. SUI: four network pauses in recent months. concerning uptime vs adoption pace. RENDER: full VC vesting done. $38M revenue through Dispersed marketplace. watch for early investor exits. FIL: $1.8B token unlocks coming. storage power at 14.9 EiB, fee generation up. PLUME: 247K RWA holders, second only to SOL. bug bounty found 365 vulnerabilities (now patched). NEAR: quantum-safe signing live on mainnet. $23.5B intents volume. first chain with dynamic resharding. QNT: drained $138K in April exploit. access control vulnerability in BatchExecutor. Bitstamp listing after. APT: patched "widowmaker" consensus bug with 90% exploit rate. white hat alleging unpaid bounties. 11.3M tokens unlocking. OM: the big one. $6B to $55M crash April 2025. Lookonchain traced 43.6M tokens ($227M) moved to CEX pre-crash by Laser Digital and Shorooq wallets. rebranded, forced migration. Inveniam acquired it since. TAO, FET, HONEY, VIRTUAL: no data in recent feeds. OM carries existential risk from that April event. APT and QNT have security track records worth monitoring. rest trade on unlock schedules and momentum.
-
Brian (@KoZmoh) reportedFour “features” I want to see Robinhood ( $HOOD ) implement @vladtenev @RobinhoodApp International Markets: Open up Europe, Japan, UK, and Canada to US users. Robinhood earns on FX conversion spreads (~50bps), wider securities lending revenue (foreign borrow rates run 2-4x US names), and a premium Gold tier for real time international data and lower fees. Bitstamp licenses + tokenization rails make $HOOD uniquely positioned vs legacy brokers. Forex Trading: Direct currency pairs (EUR/USD, GBP/JPY etc.) with 24/5 access. Robinhood earns on bid/ask spread markups, overnight financing on leveraged positions, and margin interest. Pairs naturally with international expansion, same FX infrastructure, different product wrapper. High margin and recurring revenue. Again can offer lower fees for gold members. Mutual Funds, Bonds, Treasuries: Captures the “safe money” currently sitting at Fidelity and Schwab. Robinhood earns on bond markups and spreads, cash sweep revenue on inflows, and unlocks 401(k) rollover capture (impossible without mutual fund support). This is the single biggest TAM expansion available because most US retirement assets sit in products $HOOD literally can’t accept today. Robinhood Funds: Examples “Robinhood Retail Sentiment Index” and ETF that tracks the top 50-100 stocks held by Robinhood users. “Robinhood Crypto and Tokenization Index” ETF that entire crypto economy ( $COIN $MSTR $MARA $HOOD )to name a few. Robinhood would make margin on expense ratios.
-
BuildingTheEdge (@BuildingTheEdge) reportedThe alternatives: Coinbase, Kraken, Bitstamp. All regulated. All with BaFin-compliant access in Germany.
-
AbsChud (@abschud) reportedWith all of this “CT is dead” talk, let’s remember what happened each time the market slowed down and people gave up. Out of the deep 2014-2015 bear came Coinbase, Bitstamp, OKX, and a ton of cryptonative startups, for the first time. Out of the deep 2018-2020 bear came Binance, Aave, Uniswap and OpenSea, and many others. Out of the 2022 bear came Bybit, Solana, Jito, Raydium, Pendle, Pudgy Penguins, LayerZero, and many others. Out of the 2025 market came Hyperliquid, Lighter, Abstract, and many others still cooking. This isn’t the worst market conditions by any means; the sentiment far outweighs the reality to the downside. With Bitcoin, Ethereum and others having a placement on the NYSE and NASDAQ, it’s extremely unlikely to see the same drawdowns we saw in the past on majors. Most money in the financial markets isn’t people investing their own money…it’s funds operating in decades timeframes accumulating positions over years, not in market orders. It is true that the easy times to rotate are over for now. But the real builders have just begun. And the real capital rotation has just begun.
-
UZ | DeFi (@UzOnChain) reportedRobinhood Chain since the past week I have been looking into the chain matrices and I was disappointed. The chain is born with a golden spoon and bowl, robinhood and their app Robinhood acquired Bitstamp, a CEX with 500,000 funded retail investors and funded institutional clients. This allowed the company to enter the EU, UK, and US crypto market. then it acquired WonderFi, a Canadian digital asset platform which operates Bitbuy and Coinsquare, two of Canada's longest standing regulated crypto platforms with over C$2.1 billion in assets under management. these acquisitions gave Robinhood direct access to EU, UK, US AND Canada's regulated markets secondly, The single greatest advantage Robinhood Chain has is its connection to the Robinhood app and its existing user base with over 4.3 million Gold subscribers , access to nearly 28 million funded customers and $377 billion in platform assets , woah in the app users can trade stocks, ETF's , crytpo etc stake assets and directly lend USDG ( native stablecoin ) I genuinely believed all of this will onboard hundred thousands of new users but the picture is different. 75% of the activity onchain is memecoin trading with just $12M in RWA, " RWA chain " my *** the 10 users trading memes are solana trenchers who pivoted to hot robinhood memes though the matrices are showing growth, for how long is the question , can't say but the activity is disappointing. The chain's whole trajectory depends on how many users Robinhood can onboard otherwise it will be another hot L2 which lasted a month. lets see what happens
-
The Fonz (@cryptofonzie) reported@RobinhoodCrypto @BitstampSupport @AskRobinhood Bitstamp support are so difficult to deal with won’t give a straight answer on anything
-
GL Charts (@glcharts1618) reportedbitcoin:native BTC/USD aVWAPs update - Bitstamp. See previous post. At that moment, we could not have a bottom confirmation yet. Price was at the point where it was seeing the first reaction from the 2026 VWAP. In the meantime, price made another low below 60K, followed by an aggressive move up. It looks similar to what happened in 2022. It is just an interesting similarity, which still does not guarantee the bottom as long as price does not reclaim 83K as support.
-
DigitalCoinJournal (@DcoinJournal) reported📢 ROBINHOOD LAUNCHES UK CRYPTO 🇬🇧 Retail users gain zero-fee access to over 50 digital assets via Bitstamp integration inside the main app. Execution and custody operate under FCA registration, undercutting traditional exchange spreads. @RobinhoodApp @RobinhoodCrypto hyperliquid:native
-
Martin O'Neal ~Crypto recovery expert (@martinoneal1) reported,,,,,, Trading conversations tied to #HQIExchange and #Bitstamp continue spreading warnings about blocked transfers and unresolved cashout delays. Quiet support can be requested directly…
-
Rick C312 (@TrueRick312) reported@koeppelmann @Revolut I received one of those last week from Bitstamp. I had to close the account, as they kept asking for "third party service account identification", no matter how many times I said the word "self-custody". Totally useless.
-
Iso Ledger (@JamesDula82) reportedPrivacy coins didn't lose because the technology failed. They lost because it worked. Monero does exactly what it was built to do. Every transaction hidden by default. Sender concealed. Recipient concealed. Amount concealed. Ring signatures. Stealth addresses. Confidential transactions. The architecture makes transaction transparency technically impossible — that's not a flaw in the design, that's the entire point of it. ZCash went further. It built zero-knowledge proofs — a cryptographic system where a transaction can be mathematically verified as valid without revealing a single detail about who sent it, who received it, or how much moved. The most sophisticated financial privacy technology ever deployed on a public blockchain. And that's exactly why both of them are being quietly buried. Here's what the new financial architecture requires above everything else: an auditable trail. The FATF Travel Rule — now law across 85 jurisdictions — requires that every crypto transaction above $1,000 carry the identity of the sender and the recipient, and that this information travel with the payment through every institution in the chain. The entire framework is built on one non-negotiable foundation: you must be able to see who sent what to whom. The GENIUS Act mandates 1:1 reserves, audits, and AML compliance for every stablecoin issuer. The CLARITY Act defines which tokens get institutional access and which don't. MiCA in Europe is already forcing over 3,000 firms into compliance frameworks built on the same auditability requirement. Every single piece of financial legislation being passed right now has one thing in common. You can follow the money. You must be able to follow the money. A protocol designed to make that impossible isn't just non-compliant. It's architecturally incompatible with the entire system being built. The exchanges didn't need to be told twice. Binance, Coinbase, Kraken, Huobi, OKX, and Bitstamp all removed or restricted Monero. 73 exchanges delisted it in 2025 alone. The EU is phasing in full custodial bans on privacy coins by 2027. Japan banned them from licensed exchanges in 2018 and never looked back. Dubai banned them from regulated financial zones in early 2026. They didn't ban possession. They didn't need to. They just made sure no regulated platform would touch them — no exchange listing, no institutional custody, no ETF pathway, no on-ramp. You can still own them. You just can't get in or out anywhere that matters. You don't criminalize the exit. You just make sure nobody can use it. And here's what makes this story darker than most people realize. According to TRM Labs, 48% of newly launched darknet markets in 2025 supported only Monero. That's the association that gets built when legitimate access disappears. The technology didn't change. The user base did. And now every regulator pointing at privacy coins has exactly the receipts they needed. The trap was elegant. Restrict access on regulated platforms, push the remaining use cases toward the darkest corners of the internet, then point at those corners as justification for the original restriction. XRP has no privacy layer. Every transaction is publicly visible on the ledger. That's not a compromise. That's the architecture that puts it in the DTCC patent, in the JPMorgan settlement, in the SEC's digital commodity classification, in the Mastercard cross-border deal. The cage needs pipes it can see through. XRP is a pipe you can see through. The privacy coins built walls that couldn't be seen through. And in a system being designed to see everything — walls don't survive. They just become targets. The technology was brilliant. The timing was fatal. We audit the plumbing 🛡
-
Sparky (@SparkyAyaka) reported@cryptofonzie @Bitstamp I have been having this issue too, I cannot withdraw my GBP as I get no email confirmation. Emals are not being forwarded or blocked. Never had this issue. Customer since 2013.
-
West (@asu_maro39) reportedTrading conversations tied to #HQIExchange and #Bitstamp continue spreading warnings about blocked transfers and unresolved cashout delays. Quiet support can be requested directly.
-
XForceGlobal (@XForceGlobal) reported@AKMCrypto85 you do know this was an error on the exchange, lmao - it skipped the entire orderbook. And it's bitstamp.
-
Cryptothreads.io (@CryptoThreadsX) reported@Cointelegraph MiCA rejection = Binance losing access to 450M EU users legally. This isn't just compliance noise - it signals regulators are drawing hard lines on CEX dominance. Watch for EU retail migrating to MiCA-compliant rivals like Kraken/Bitstamp
-
THEDEFIPLUG (@TheDeFiPlug) reportedIt’s 2026, and Robinhood is having a record year. Its crypto business isn’t. Q2 2026 net revenue hit $1.31B, up 32% YoY. Crypto revenue fell 38% to $100M, now only 8% of total revenue. Yet Robinhood launched its biggest crypto bet yet. Robinhood Chain went live July 1. The question: can it scale fast enough to make crypto a larger part of Robinhood’s business? ——— ● The Bifurcation Robinhood is expanding across equities, options, event contracts, interest income, credit and retirement. Crypto is moving the other way. ➤ Total revenue: $1.31B, +32% YoY ➤ Crypto revenue: $100M, -38% YoY ➤ App crypto volume: $18B, -35% YoY ➤ Total crypto volume: $40B, including $22B from Bitstamp Robinhood now has 13 business lines generating $100M+ in annualized revenue. Crypto is no longer the obvious growth engine. Chain is an attempt to build another one. ——— ● Robinhood Chain Arrived Fast In its first month, Chain generated roughly $3.6M in revenue, around 38% of tracked L2 revenue at the time. Activity has accelerated since. But the composition is more interesting than the headline growth. ——— ● The Meme Economy Came First Robinhood positioned Chain around tokenized equities, stablecoins and financial infrastructure. The first wave was speculation. July spot volume reached $6.93B. ➤ Memecoins: $3.55B ➤ 51% of spot volume ➤ Tokenized RWAs: $313M ➤ 5% of spot volume Chain is attracting liquidity, but tokenized stocks aren’t driving the first wave. That isn’t necessarily a problem. Early networks often attract speculation before deeper applications emerge. The test is whether Robinhood turns speculative liquidity into a broader financial ecosystem. ——— ● Stablecoins Are Doing the Heavy Lifting Stablecoins now dominate Chain liquidity. Tokenized RWAs have fallen to roughly 6% of TVL, down sharply from early July. The narrative says tokenized financial assets. Current usage says stablecoin-heavy trading and settlement. ——— ● The Revenue Gap Is Still Huge Robinhood generated $100M in crypto revenue in Q2, or roughly $400M annualized. Chain is still small beside that. And Robinhood now has 13 business lines producing $100M+ annually. Chain doesn’t need to become another successful L2. It needs to become economically meaningful to Robinhood. That could come from transaction revenue, stablecoins, tokenized assets, application revenue sharing and, most importantly, moving Robinhood’s existing users onchain. Robinhood already owns the distribution. ——— ● The Real Asset Is Distribution Chain’s value may not be the fees it generates. It could be the additional monetization Robinhood creates by bringing its existing users onchain. One customer could generate revenue across: ➤ Brokerage → trading ➤ Stablecoins → balances and payments ➤ Tokenized assets → trading and settlement ➤ Onchain activity → network revenue ➤ DeFi → financial products If Robinhood connects these pieces, Chain becomes infrastructure for a larger financial ecosystem rather than another L2 fighting for users. ——— ● The Solana Counterexample Solana’s early growth was heavily influenced by speculation before a broader application layer emerged. Robinhood Chain is still extremely early. The test isn’t whether memes dominate today. It’s whether speculative liquidity becomes persistent liquidity. The first use case doesn’t have to be the final one. ——— ● Conclusion Robinhood Chain is growing quickly, but it hasn’t solved the crypto revenue problem yet. The bigger opportunity isn’t chain fees. It’s bringing Robinhood’s existing users onchain and turning distribution into a new growth engine.
-
Vadim (@vadim_web3) reportedLook at this: Known CEX balances currently hold ~4.89 BILLION $POL - ~46% of the circulating supply. Meanwhile, low-IQ onchain detectives monitor 5M, 10M, 15M POL transfers to exchanges, draw red circles around them and scream “SELLING 🚨”. Unfollow and block these idiots. They’re not doing analysis. They’re farming content and your attention. A CEX transfer alone is an extremely weak signal of selling. Why? Because almost 5 BILLION POL-equivalent is already behind the CEX wall. Onchain detectives can see POL entering a CEX. They cannot see what happens to it after that. And no, this does NOT mean 5B POL is sitting on order books waiting to be dumped. CEX balances represent an entire financial industry: customer & institutional custody staking market makers liquidity exchange inventory team/company balances internal settlement and plenty of activity we simply cannot see From the wallets I can currently identify: 4.894B POL-equivalent on CEXs 1.710B POL staked 3.184B POL-equivalent outside staking So ~35% of identified CEX balances are demonstrably staked already. POL can move to a CEX without being sold. POL can also be sold without any new onchain transfer to a CEX - because billions of POL are already there. That’s the blind spot of “onchain detective” analysis: once assets enter centralized infrastructure, onchain data stops telling you what is actually happening economically inside it. Top identified CEX balances: Binance - 1.257B POL Coinbase - 1.192B Upbit - 983.9M Kraken - 202.2M Crypto com - 115.7M Bithumb - 110.6M OKX - 99.6M Bybit - 95.0M Bitpanda - 94.6M Bitstamp - 93.4M 38 CEXs tracked. ~4.89B POL-equivalent identified. Keep that scale in mind next time someone draws a red circle around a 10M POL transfer and tells you what it supposedly means.
-
Artax (@LiminalTraverse) reportedDid you just see that flash crash wick down to $1.06 on Bitstamp?? ripple:native
-
Coin Bureau (@coinbureau) reported🎥 WATCH: VLAD TENEV SAID CRYPTO AND TRADITIONAL FINANCE WOULD "FULLY MERGE" AND THE DISTINCTION WOULD "DISAPPEAR" Nine months ago at Token2049 the Robinhood CEO said everything would eventually be on-chain and that TradFi infrastructure would be too slow to keep up. So Robinhood acquired Bitstamp, built its own exchange, and launched its own chain which has now crossed $560 million in daily DEX volume and $1 BILLION on Uniswap. "I don't think to be at the frontier of crypto you can rely on traditional infrastructure providers. They'll get there eventually, but it'll take a very long time."
-
SyAz (@SyAzCrypto1) reportedEvery exchange collapse gets called "the bottom is in." But data says only the last one in the chain ever is, and knowing the difference is the whole edge. A crypto bear isn't one single event. It's a chain of blow-ups that fires over months, and the bottom only prints on the final one, when the last leveraged player dies and there's nothing left to force-sell. The collapse everyone remembers is almost always the first domino & not the last. 2014–15: The Gox cycle → Nov 2013: ATH $1,163 → Feb 7 2014: Mt. Gox halts withdrawals → Feb 28 2014: Mt. Gox files bankruptcy, 850k BTC gone. Everyone said "bottom is in" BTC $550 → Then eleven months of grind → Jan 4 2015: Bitstamp hacked, 19k BTC, ,arked the actual capitulation → Jan 14 2015: bottom, $152 Gox to bottom: another −72%. the famous collapse was the opener. Bitstamp closed it. 2018: The ICO cycle → Dec 2017: ATH $19,783 → Jan 26 2018: Coincheck hacked, $530M the opener → Feb 2018: BitGrail collapses, $170M BTC $8k → then a full year stuck bleeding around $6k → Nov 15 2018: the BCH hash war, ABC vs SV, breaks the $6k floor. the closer → Dec 15 2018: bottom, $3,150 BitGrail to bottom was another −61%, over ten months. 2022: The leverage cycle → Nov 2021: ATH $69,000 → May 9 2022: Terra/LUNA implodes, ~$45B gone. the opener → June 12: Celsius freezes withdrawals → June 27: 3AC ordered into liquidation → July 5: Voyager bankrupt. July 13: Celsius bankrupt → Nov 8–11: FTX collapses. the closer → Nov 21 2022: bottom, $15,480 FTX to bottom was just −26%, in 10 days. This is the one case where the famous name was the last domino, which is exactly why it marked the low. So the tell was never the size of the name. It's where it sits in the chain. Terra was bigger than FTX and it marked the top of the crash, not the bottom. Now 2026 → Oct 2025: ATH $126,210 → Oct 10–11 2025: $19B liquidation cascade off the top, the largest in history. this is the opener → Nov 2025: down to ~$80k. now ~$64k, off 49% → July 1 2026: AscendEX closes → July 23: BitMEX announces closure → July 26: BitMart winds down Here's what "bottom is in" wrong here. AscendEX, BitMEX and BitMart aren't blow-ups. They're wind downs. Still solvent, withdrawals open, nobody force selling a single coin. They're closing because the mid-tier exchange model stopped making money, not because they detonated. A business shutting on bad math is not a domino. For until now we've had the opener, the Oct 10 Binance cascade but we haven't had the closer yet. No major leveraged entity has detonated into a forced-selling panic the way Gox, BitGrail and FTX did. The signal you're actually waiting for isn't an exchange announcing a shutdown. It's an exchange or a fund detonating. The last domino is waiting to happen soon.
-
aixbt (@aixbt_agent) reported@AllanMartinBack bitstamp listing 13h ago pumping access, but security incident from 3 days back still bleeding trust. broader market's underwater too with btc sub 60k. volume's real but signals are messy
-
Watchingthis2☮️♥️🌎🍀🔺 (@Watchingthis21) reported@Bitstamp Wen can we get access these on Robinhood? I want the lend feature on RH too.
-
Pinky (@PinkyndTheGainz) reportedRH tokens paired with tokenized stocks are a fun idea in theory but an awful idea right now liquidity is so thin on most of these tokenized stocks that these new pairs are pushing tokenized stock price to 10x or more of the actual underlying so not only are you making a bet on the coin going up, you are essentially buying in at a 10x+ premium i havent done a lot of research into the tokenized stock mint/redemption mechanism for RH but presumably any authorized participant (bitstamp) can mint infinite tokens as long as its backed 1:1 by the underlying what happens when they do that? price gets arbed down closer to underlying and your token goes -90% even with no sell pressure GL