Bybit has announced a partnership with xStocks to launch tokenized stocks of major U.S. companies, enabling users to trade them directly on the blockchain.
Launch of Tokenized Stocks
Bybit in collaboration with xStocks has announced the launch of 10 tokenized stocks, allowing users to trade companies such as Coinbase, Apple, and Tesla. These tokens will be issued through a platform designed by Backed Finance.
Trading Pairs Schedule
The trading pairs will launch in the following order:
* COINX and NVDAX - June 30 * CRCLX and APPLX - July 1 * HOODX and METAX - July 2 * GOOGLX and AMZNX - July 3 * TSLAX and MCDX - July 7.
Advantages of Tokenized Trading
These tokens are backed by actual stocks and will be available for trading on the Bybit platform 24/7. This aims to make stock trading more accessible and borderless, facilitating the adoption of automated trading strategies through Spot Grid Bots.
The launch of tokenized stocks on Bybit represents an important step in merging traditional and decentralized finance, providing users with a new way to invest in leading U.S. companies.
