Global cryptocurrency exchange Bybit has announced the listing of xStocks tokenized US stocks and ETFs on its spot trading platform. This strategic move represents a significant advancement in Bybit's mission to connect traditional finance with digital assets, enabling users to access global markets through blockchain technology.
Key Features of xStocks on Bybit
Developed in partnership with Swiss tokenization specialist Backed, the xStocks series offers:
👉 Tokenized versions of top-tier assets including:
- Apple (AAPL)
- Tesla (TSLA)
- Nvidia (NVDA)
- SPDR S&P 500 ETF (SPY)
- 60+ other blue-chip stocks and ETFs
Technical Advantages:
- 1:1 asset-backed tokens
- Dual-chain compatibility (Ethereum ERC-20 and Solana SPL)
- Seamless integration across CeFi and DeFi ecosystems
Revolutionizing Market Access
Bybit's Spot Trading Director Emily Bao emphasizes: "xStocks eliminates traditional barriers by enabling:
- Fractional ownership opportunities
- 24/7 trading beyond market hours
- Portfolio diversification with real-world assets
- Unified access to both crypto and traditional markets"
The launch follows Bybit's recent TradFi platform introduction, creating a comprehensive ecosystem where users can trade:
- Precious metals
- Forex
- Stock CFDs
- Commodities
- Now tokenized equities—all within one interface
Strategic Partnership Impact
Backed Co-Founder Adam Levi notes: "Our collaboration with Bybit marks a pivotal moment for open finance. Bybit's global reach accelerates xStocks adoption, bringing tokenized securities to millions."
👉 Explore the future of hybrid finance through this innovative merger of Wall Street reliability and blockchain flexibility.
Implementation Timeline
The service will roll out progressively to select Bybit users over coming weeks, with full availability expected by Q3 2025.
Frequently Asked Questions
Q: How do xStocks differ from traditional stock trading?
A: xStocks combine market accessibility (24/7 trading), blockchain efficiencies (instant settlement), and DeFi interoperability while maintaining 1:1 asset backing.
Q: What are the custody arrangements for underlying assets?
A: Backed holds all reserve assets with regulated Swiss custodians, with regular attestations published on-chain.
Q: Can xStocks be transferred to self-custody wallets?
A: Yes, the ERC-20 and SPL tokens can be withdrawn to compatible wallets for use in DeFi protocols.
Q: Are there geographic restrictions for trading?
A: Bybit complies with all jurisdictional regulations—users should consult local laws regarding security token trading.
About Bybit
As the world's second-largest crypto exchange by trading volume, Bybit serves over 70 million users with:
- Institutional-grade security
- 99.99% platform uptime
- Web3 innovation hub
- 350+ trading pairs
The platform continues to pioneer financial convergence, recently recognized as:
- 2024 "Best Crypto Exchange" by TradingView
- Top 3 most trusted CEX by CoinGecko
Discover more at Bybit.com—your gateway to decentralized finance's evolution.
Note: All trading involves risk. Tokenized securities may not be available in your region. Perform due diligence before investing.