HomeExchangesBitget latest CEX to expand into tokenized equity trading via xStocks integration

Bitget latest CEX to expand into tokenized equity trading via xStocks integration

Published on

spot_img

Bitget has rolled out tokenized stock trading on its Onchain platform, enabling crypto users to gain exposure to top global equities without relying on traditional brokerages.

The move, announced on July 9, was made possible through an integration with Kraken’s recently launched xStocks infrastructure.

The initial listings include tokenized versions of Tesla (TSLAx), Nvidia (NVDAx), Strategy (MSTRx), Apple (AAPLx), Circle (CRCLx), and SP500 (SPYx).

Bitget CEO Gracy Chen said the expansion marks a “new phase of market access” where crypto and traditional assets can “coexist and complement each other” more easily.

Bitget Onchain, launched earlier this year, combines a centralized exchange user experience with direct blockchain asset exposure.

The platform allows users to trade on-chain tokens using their Bitget accounts without managing private keys or external wallets. Supported ecosystems include Solana (SOL), Base, and BNB.

With the integration of xStocks, Bitget Onchain now offers near-continuous trading of tokenized equities with instant settlement, bypassing the limited hours of conventional equity markets. xStocks operates on a 24/5 trading model, allowing transactions outside standard market windows.

xStocks issues digital representations of real-world assets, replicating their value on-chain while offering features such as faster settlement, transparent ownership records, and fee-free transfers.

Founded to bridge capital markets and blockchain, xStocks is quickly positioning itself as a key infrastructure provider for tokenized equities to address demand from crypto-native users seeking traditional asset exposure within their preferred digital environments.

Its framework eliminates transaction fees commonly associated with equity brokers while maintaining regulatory compliance to mirror the underlying stocks’ value.

Bitget said its foray into tokenized stocks aims to serve a digitally native investor base seeking round-the-clock market access and easier diversification. Established in 2018, the company now serves over 100 million users worldwide through its exchange and multi-chain wallet products.

The post Bitget latest CEX to expand into tokenized equity trading via xStocks integration appeared first on CryptoSlate.

Latest articles

Crypto exchanges are losing retail traders but are filling the gap with Wall Street-style bets

Crypto exchanges are seeing the weakest retail-driven activity in years, but some of the...

AI-assisted Zcash flaw exposes the supply integrity gap an emergency fork could not fully close

The exploit that nearly broke Zcash originated inside the zero-knowledge proof circuit that powers...

A stablecoin tied to Strategy stock depegs putting a new DeFi dollar risk in focus as Bitcoin sells off

Apyx's apxUSD fell below its dollar reference on June 4 as Bitcoin traded near...

Bitcoin’s $63k slide shows ETF demand fighting AI equities for dollar liquidity

Bitcoin’s relationship with the S&P 500 has stopped behaving like a simple correlation trade...

More like this

Crypto exchanges are losing retail traders but are filling the gap with Wall Street-style bets

Crypto exchanges are seeing the weakest retail-driven activity in years, but some of the...

AI-assisted Zcash flaw exposes the supply integrity gap an emergency fork could not fully close

The exploit that nearly broke Zcash originated inside the zero-knowledge proof circuit that powers...

A stablecoin tied to Strategy stock depegs putting a new DeFi dollar risk in focus as Bitcoin sells off

Apyx's apxUSD fell below its dollar reference on June 4 as Bitcoin traded near...