US Stock Trading Via Cryptocurrency Now Available for Filipinos

MANILA – Filipinos eyeing opportunities on Wall Street have a new door opened for them. Cera, a leading US capital equity trading platform based in California, has launched an innovative service allowing Filipinos to invest in US stocks using select cryptocurrencies as a mode of payment.

This transformative service by Cera, which is backed by the renowned tech startup accelerator Y Combinator, presents a platform where users can confidently deposit and trade using stablecoins such as USD Coin, Tether (USDT), and Binance USD (BUSD). Stablecoins, for the uninitiated, are a category of cryptocurrencies that have their value anchored to traditional currencies, commodities, or other financial assets.

As Daniel Phan, the product lead at Cera, elucidated, “Cera aims to redefine the US stock market's access dynamics by offering a streamlined deposit, buying, and trading experience. Our commitment to stability, transparency, and accessibility ensures that Filipinos, among other global users, can trustingly tap into the market.”

Pioneering this path, users on the Cera platform can now effortlessly trade in shares of business titans such as Tesla Inc., Apple Inc., and Microsoft Corp.

Reiterating the company's broader vision, Phan highlighted, “Our mission is to equip individuals globally with universal investment opportunities, with a prime focus on simplicity and safeguarding user funds.”

Established in 2022, Cera holds the distinction of being the first-of-its-kind stock trading platform to accept cryptocurrency deposits. This unique concept caught the attention of Y Combinator, leading to their investment in the same year.

The Philippines has recently showcased its growing enthusiasm for digital assets. Evidencing this sentiment, the country secured a position in the top 10 of the latest Chainalysis Global Crypto Adoption Index. As the blockchain analysis firm based in New York pointed out, the surge in Filipinos' interest in speculative digital assets, desire to earn supplementary income, and digital connectivity has laid a fertile ground for “play-to-earn” games in the country.

Endorsing this upward trajectory, Donald Lim, the president of the Blockchain Council of the Philippines, projected a promising future for the nation, hinting at its potential to emerge as Asias blockchain nucleus by 2028. Lim's optimism is further fortified by the rising trend of nonfungible tokens (NFTs) in the country. NFTs, unique digital assets with investment potential, can be subsequently traded on various exchange platforms.

For interested Filipinos, the future of investment and trading in the US stock market, powered by the dynamic world of cryptocurrency, begins with Cera.