New Markets: Recent IPOs, Popular Stocks, and Crypto. - Morpher

New Markets: Recent IPOs, Popular Stocks, and Crypto.

Author Image Ivan Struk

Ivan Struk

New markets: Peloton bike, Moderna needle, and Nikola trucks.

We’re excited to announce that we’re updating our list of tradeable markets, and supporting an additional 24 frequently requested assets.

It’s been a rollercoaster of a year across all financial markets, but so far it seems we might end 2020 on a positive note. Cryptocurrency markets have shot back up to late-2017 levels as Bitcoin tests it’s highest resistance level, while news of a COVID-19 vaccine that could come sooner rather than later are sending global stock markets higher.

Morpher aims to be your trading platform on choice for cross-asset exposure, and so here are three sets of markets we just added to add some diversity to your portfolios.

Recent IPOs

The IPO class of 2020 brings us some familiar names that we’ve been waiting for a long time. This cohort especially offers plenty of exposure to enterprise software technologies that you might already be using, and other companies you’ve surely heard of.

Both Square Inc. (SQ) and Snowflake (SNOW), have been added to Morpher. We also added defense company Palantir Technologies (PLTR), and the mortgage and personal finance conglomerate Rocket Companies (RKT). Finally, we added 2019s late IPO, Peloton Interactive (PTON).

Having put so many plans on hold this year, it was relieving to see that our favorite NBA and NFL teams emerge out of the lockdown to play. With most sports cancelled, some investors were skeptical whether DraftKings (DKNG) would complete their IPO at all. We hope that both sports fans and traders are happy about this one.

Popular and Controversial Stocks

2020 had us shift our attention to sectors that we might have normally overlooked. Travel and pharmaceutical sectors all garnered the much-warranted attention of investors and speculators, as the world stood still and we all waited for news of a silver bullet that could take us out of the lockdown.

Moderna (MRNA), Inovio Pharmaceuticals (INO), and Sorrento Therapeutics (SRNE), have been added to Morpher, providing you with exposure to the companies at the forefront of the vaccine development.

Spirit Airlines (SAVE) and JetBlue Airways (JBLU) have been added for traders watching the travel space, and Virgin Galactic Holdings (SPCE) for travel beyond the stratosphere.

Working from home has become the new reality for a lot of us, so you’re bound to have heard of or used one of these two: Zoom Video Communications (ZM) and Slack Technologies (WORK) have helped us stay in touch with our colleagues, now you decide if they’ve earned a spot in your portfolio.

Finally, we added Nikola (NKLA), whose CEO stepped down after a hedge fund research group stroked controversy and uncertainty into investors following the publication of an extensive report citing many counts of alleged fraud by the EV automaker.

Looking for more? We’re working hard to bring you more coverage of stocks, as well as select sector indices. For now, we’ve added the Vanguard Total Stock Market Index ETF (VTI), for traders looking for broader U.S. stock market exposure.

Trade More Cryptocurrencies

We added even more cryptocurrencies with this market update. Popular tokens like Cosmos (ATOM), VeChain (VET), and Chainlink (LINK) are now all listed.

We also added Filecoin (FIL), Uniswap (UNI), (CRO), Pokadot (DOT), and Theta (THETA), interesting projects and protocols doing their part in the blockchain revolution.

How could you not get excited for more cryptocurrency pairs, especially in the wake of the 2020 crypto bull market.

Make Market Suggestions

As we expand our lists of supported markets, we aim to prioritize those that you want to the most. If there’s a market that you want added, please let us know in our community forum.

  1. Go to our Community.
  2. Click “Start New Discussion”.
  3. Tag it “Market Request”
  4. Let us know why this is something you want to trade.

The Morpher Protocol allows us to create markets that were previously untradeable, and we’re looking forward to hearing your creative ideas.

Check out this Community thread on requesting markets.

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