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Can You Invest In Cryptocurrency-like Stocks? - Investment - Nairaland

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Can You Invest In Cryptocurrency-like Stocks? by Larynxhedon: 11:06pm On Aug 16, 2022
Investors can use both cryptocurrencies and stocks to build wealth. However, investing in stocks is not the same as investing in cryptocurrency. Unlike stocks, investing in cryptocurrency does not entail ownership of a company's stock. Dividends are not paid to crypto investors in the traditional sense.

Meanwhile, the above statement does not apply to crypto that behaves like stock, such as Binance's BNB, Quidax's <QDX token>, Coinbase's COIN, and many other exchange tokens, because many of these token holders are typically rewarded with staking bonuses or fee discounts in the form of dividends.

So, yes, you can invest in cryptocurrencies-like stocks.

On this blog page, you can get a sneak peek at what the QDX token is all about, to make it look like a cryptocurrency-like stock.

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