Bybit is partnering with xStocks to launch tokenized versions of major U.S. company stocks, enabling users to trade them directly on the blockchain. Starting June 30, Bybit will list COINX (Coinbase), NVDAX (NVIDIA), CRCLX (Circle), APPLX (Apple), HOODX (Robinhood), METAX (Meta/Facebook), GOOGLX (Google/Alphabet), AMZNX (Amazon), TSLAX (Tesla), and MCDX (McDonald’s).
Here’s the schedule:
- COINX and NVDAX will go live on June 30
- CRCLX and APPLX on July 1
- HOODX and METAX on July 2
- GOOGLX and AMZNX on July 3
- TSLAX and MCDX on July 7
All these trading pairs will be paired with USDT (Tether) and supported by Spot Grid Bots to help automate trading strategies. Users can deposit and withdraw these tokens using the Solana (SOL) network.
Each of these tokens is backed by an actual stock. They are backed and issued by xStocks, a blockchain platform designed by Backed Finance. The intention is to make stock trading more accessible, borderless, fractional, and available 24/7, similar to crypto.
With this listing, Bybit continues to blur the lines between traditional and decentralized finance, offering users a new way to gain exposure to leading U.S. tech and finance companies directly from their crypto exchange.
Also Read: Bybit Unveils Byreal, a Hybrid DEX Built on Solana
