What is Royal Caribbean Group?
Royal Caribbean Group is a North American holding company operating a cruise vacation business that owns four major global brands: Royal Caribbean International, Celebrity Cruises, Azamara and Silversea. The group is also a 50 per cent owner of TUI Cruises and Hapag-Lloyd cruises, through a joint venture agreement with TUI AG.
The company was founded in 1968 in Norway, by Ed Stephan and the owners of three large Norwegian shipping companies. The company was reorganised in 1997 to form the Royal Caribbean Group and is headquartered in Miami, Florida while being incorporated in Liberia. It currently operates 61 ships, including the four largest passenger vessels in the world, with an additional 15 on order, as well as owning two private resorts in Haiti and The Bahamas. The company faced significant criticism in the wake of the pandemic of 2020 after it initially refused to repatriate workers who became stranded at foreign cruise ship ports.
Performance of Royal Caribbean share price
The Royal Caribbean stock price dropped considerably in the early stages of 2020, as the cruise industry was shuttered by the pandemic. The Royal Caribbean stock price was supported later in the year by increasing optimism following the approval of multiple vaccines.
As of early 2021, the Royal Caribbean share price has traded within the 52-week range of $19.25 to $123.82 with a market cap of over $16.2bn. Royal Caribbean stock trading has an average volume of over 7.7 million shares per day. RCL is a constituent of the S&P 500, an index which measures the performance of 500 of the largest companies listed on the NYSE.
How to invest in Royal Caribbean stock?
Royal Caribbean stock trading occurs on the New York Stock Exchange. Those looking to invest in Royal Caribbean stock can purchase shares directly through the exchange, through a broker or indirectly through an index which includes RCL, such as the S&P 500. Traders are also able to purchase derivatives based on RCL shares such as CFDs or options.
Traders looking to invest in Royal Caribbean stock by using the Currency.com tokenised platform are able to profit from upward or downward movements in the Royal Caribbean 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 Royal Caribbean share 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 for tokenised asset trading to be efficient, inexpensive and secure.
When trading tokenised assets based on the Royal Caribbean share price you can 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 Royal Caribbean share price will decrease you can take a short position and if you think it will increase you can take a long position. Trading in tokenised assets on Currency.com also allows for traders to benefit from the leverage offered on the platform, up to 1:500 leverage.
Why trade tokenised Royal Caribbean shares with currency.com
Trading tokenised Royal Caribbean shares at 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 Royal Caribbean shares with Bitcoin or Ethereum. Benefit from the shares 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 RCL, with up to 1:500 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.
We have a scalable and low latency order management system, which can execute 50 million trades per 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 Royal Caribbean shares is no more difficult than regular shares. To begin trading tokenised assets, you will follow 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 Royal Caribbean 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.