What is Pinterest?
Pinterest is an American social networking platform that allows users to interface with visual recommendations to explore inspirational ideas. Popular themes include recipe ideas, fashion, home decor and DIY projects.
The company was founded by Ben Silbermann, Paul Sciarra, and Evan Sharp in 2009. After a relatively slow beta release, the company grew rapidly after an AppStore launch in 2011. After garnering huge volumes of attention, the company went public with an initial public offering (IPO) on 18 April 2019. The stock quickly rose from its initial offering to $19.00 to close its first day at $24.40. As of Q1 2021, the company has over 478 million active monthly users and is growing significantly in the under-25 male segment. Pinterest has also experienced rapid growth in international markets, in particular Brazil and the rest of Latin America.
Performance of Pinterest stock price
The Pinterest share price has risen steadily since the market crash of March 2020 when it hit the lowest price in its history at $12.21. As of May 2021, the company was trading within the 52-week range of $15.82-$89.90.
The Pins share price chart shows that in the first quarter of 2021 the stock experienced higher degrees of volatility than in previous years due to uncertainty surrounding the long-term effects of the global pandemic on advertising revenues. Financial results released for the first quarter of 2021 showed a huge 78% increase in revenue year on year, coming in at $485m for the quarter. This growth was driven mainly by the large expansion in active monthly users, primarily outside the USA, and increasing uptake of commercial accounts.
The company has a market cap of $35.31bn as of 14 May and an average of 15 million shares trade hands a day. While the performance of the company is influenced by multiple factors, the increased interest in home-based activities generated by public health lockdown orders has been a significant positive for the web-based platform.
How to buy Pinterest stock
PINS stock trading occurs on the New York Stock Exchange. Those looking to buy Pinterest stock can buy it directly through the exchange, through a broker or indirectly through an index which includes PINS. Traders are also able to purchase derivatives based on the Pinterest stock price, such as CFDs or options.
Traders looking to buy Pinterest stock using the Dzengi.com tokenised platform are able to profit from upward or downward movements in the Pinterest 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 PINS stock price.
The token is registered using distributed ledger technology (DLT) the same way cryptocurrency is recorded. This technology allows trading using crypto without the need to convert back and forth with fiat currency, saving exchange fees. The use of this technology allows tokenised asset trading to be efficient, inexpensive and secure.
Trading tokenised assets based on the PINS stock price lets you 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 PINS share price 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 Dzengi.com also allows traders to benefit from the leverage offered on the platform, up to 1:20 leverage.
Why trade tokenised Pinterest shares with Dzengi.com?
Trading tokenised Pinterest shares on the Dzengi.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 Pinterest shares with Bitcoin or Ethereum. Benefit from the share price movements without exchanging your crypto assets into fiat.
- Tight spreads
Trade tokenised shares with a tight market spread and benefit from maker rebates and competitive taker fees.
- Leverage
Experienced traders can trade the world’s top stocks, like PINS, 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.
- Instant order execution
Dzengi.com has a scalable and low latency order management system, which can execute 50 million trades a second.
- Safe regulation
Dzengi.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 Pinterest 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 Dzengi.com.
- 2. Deposit funds (with crypto or fiat) in the account.
- 3. Determine the position size desired, accounting for leverage offered by Dzengi.com.
- 4. Determine your trading position (long or short) based on expected price movement and purchase tokenised Pinterest shares.
- 5. Dzengi.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.
