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$STRCX (Strategy Stretch Preferred Stock), a high-yield perpetual preferred stock with a variable dividend, has been listed for trading on Pionex.
$STRCX (Strategy Stretch Preferred Stock), described as a high-yield perpetual preferred stock with a variable dividend, has been made available for trading on Pionex. According to the broker, the variable dividend is intended to help maintain the stock's price near its par value.
No further details about the listing or product terms were provided in the announcement.
Pionex is a cryptocurrency exchange established in 2019 in Singapore, operating under a US Money Services Business (MSB) license from FinCEN. The platform supports manual and automated trading, including access to 16 types of built-in trading bots and more than 300 crypto trading pairs, with features such as leverage trading, low fees, and security measures like two-factor authentication and cold wallet storage. For additional details, see the broker profile on Traders Union.
For context, our earlier news about Pionex detailed the launch of the crypto-backed Pionex Card with up to 6% combined cashback and interest benefits. You can read the full story in the previous Pionex update on Traders Union.