What kind of service is Dollarparking?
What is Dollarparking?
Dollarparking is a service that makes trading US stock tokens simpler by reducing the friction found in existing trading processes. You can trade US stock tokens using only USDT or USDC held in your personal wallet.
※ US stock tokens: Tokens that track the prices of US stocks, ETFs, and US Treasury funds
※ Dollarparking does not issue tokens directly or act as a broker.
Six ways Dollarparking is different
1. You do not need to prepare ETH separately for fees
When using conventional token trading services directly, you usually need a separate network token to pay network fees in addition to the asset you want to trade.
For example, when trading with USDT on the Ethereum network, you need ETH to pay the network fee as well as USDT.
Dollarparking handles this process in one place.
Because you can trade using only the USDT or USDC in your personal wallet, you do not need to prepare ETH separately for network fees.
2. A trade completes only when the confirmed price and quantity remain available
Prices and available quantities can change while an order is being processed. This means conventional token trades may complete under conditions different from the price or quantity originally requested.
Dollarparking uses AI to compare available prices, quantities, and fees, and completes a trade only when the price and quantity you confirmed remain unchanged.
If the conditions change, the order expires instead of being completed at a different price.
3. Your assets remain in your personal wallet
Dollarparking does not hold your assets in a company account or company wallet.
Your USDT, USDC, and stock tokens remain in the personal wallet you manage before and after each trade. Every trade must be approved by you after you check the asset and quantity in your wallet.
Dollarparking cannot move or withdraw your assets without your approval.
4. You can see results that include trading costs
To calculate the actual result of a stock token trade, factors such as trading fees, network fees, and price movements during the trade must be considered.
With Dollarparking:
- You can see a result that includes all costs incurred while trading your assets.
- You can check the estimated fees and final trade result before approving an order.
5. You can view different dollar-based assets in one place
Dollarparking lets you view and trade US stock, ETF, and US Treasury fund tokens from established global issuers on one screen.
More than 72 dollar-based assets are currently supported.
6. Some products can be traded at night and on weekends
You can request trades for some stock tokens after regular US market hours or on weekends.
However, when the US stock market is closed, available quantities may be lower and price differences may be wider. An order may expire if the conditions do not match.