What is eBay Incorporated?
eBay Inc is a North American multinational e-commerce company that provides a platform for consumer-to-consumer and business-to-consumer sales. The company was founded in 1995 and was one of the first huge successes of online retail. The company disrupted traditional retail sales with an auction-style bidding process that enticed both seller and consumer. The current business model entices purchasers with no fee transactions while charging buyers to list and sell their products. The US continues to be the largest single market for the company in terms of revenue generation, however, more than 60% of current income is earned internationally.
eBay has expanded into other business areas through a series of acquisitions. Some of the most notable companies that have been owned by eBay at one time include Skype, Kijiji, Craigslist, StubHub and PayPal. PayPal was arguably the most successful, so much so that it was spun-off to create its own company in 2014 under government accusations of tied selling practices and monopolisation of online payments.
Performance of eBay share price
The eBay stock value rose considerably in the period following the market crash of March 2020. The company was a net beneficiary of the increased online retail traffic caused by stay-at-home orders as well as an increased interest in selling products online. The stock price of eBay opened 2021 at $50.48 on 4 January and has risen steadily to over $61 in late April.
As of late April 2021, the eBay share price has traded within the 52-week range of $37.55 to $65.11 and increased in value by over 60% in the same period. eBay processed more than $26.6bn in transactions during the fourth quarter of 2020 and earned revenue of $2.9bn. The company has a market cap of over $41.44bn and is trading at an average volume of over 5.56 million shares a week.
How to buy eBay stock?
The eBay share price is listed on the NASDAQ exchange. Those looking to buy eBay stock can purchase shares directly through the exchange, through a broker or indirectly through an index that includes eBay. Traders are also able to purchase derivatives based on the eBay share price, such as CFDs or options.
Traders looking to buy eBay stock by using the Currency.com tokenised platform are able to profit from upward or downward movements in the eBay stock price without having to invest directly. Tokenised assets are crypto derivatives whose value is linked to the value of a particular asset, in this case the eBay stock price. The token is registered using distributed ledger technology (DLT) the same way cryptocurrency is recorded. This technology allows for trading using crypto without the need of converting back and forth with fiat currency, saving exchange fees. The utilisation of this technology allows tokenised asset trading to be efficient, inexpensive, and secure.
Trading tokenised assets based on the eBay stock price allows you to take a long or short position depending on whether you feel the price today is over or under-valued based on the price chart. If you think the eBay share price chart will decrease, you can take a short position and if you think it will increase you can take a long position. Trading tokenised assets on Currency.com also allows traders to benefit from the leverage offered on the platform, up to 1:20 leverage.
Why trade tokenised eBay shares with Currency.com?
Trading tokenised eBay shares with Currency.com tokenised assets exchange has a number of advantages. Tokens are underpinned by robust and immutable blockchain technology. Opening a trade will give you a token that tracks and moves according to the underlying instrument’s price.
- One-stop crypto trading platform
Trade tokenised eBay shares with Bitcoin or Ethereum. Benefit from the share price movements without exchanging your crypto assets into fiat.
Trade tokenised shares with a tight market spread, benefit from maker rebates and competitive taker fees.
Experienced traders can trade the world’s top stocks, like EBAY, with up to 1:20 leverage.
- Effective risk management
Manage your risks and secure your profits with stop-loss and take-profit orders. Save your assets with negative balance protection.
Currency.com has a scalable and low latency order management system, which can execute 50 million trades a second.
Currency.com operates under new Belarusian regulation with best-in-class AML and KYC laws. Regulatory details and fees are upfront.
Tokenised shares trading guide
Trading tokenised eBay shares is no more difficult than regular shares. To begin trading tokenised assets, you will need to follow some simple steps:
- 1. Register for an account with Currency.com
- 2. Deposit funds (with crypto or fiat) in the account
- 3. Determine the position size desired, accounting for leverage offered by Currency.com
- 4. Determine your trading position (long or short) based on expected price movement and purchase tokenised eBay shares
- 5. Currency.com matches the long orders from its clients with the sell orders and then hedges the unmatched orders through Capital.com, LMAX Digital or exchanges such as Binance, Bitstamp, Kraken, NASDAQ, NYSE, and Gain Capital
- 6. Close your position when applicable. You can set a take-profit or stop-loss indicator to ensure you are not required to constantly monitor the price. Funds will deposit back to your account after closing and you can withdraw or take a new position.