Bitrue Launches 24/7 Trading of Tokenized US Stocks

Bitrue, a prominent cryptocurrency exchange, has introduced a groundbreaking feature allowing users to trade tokenized US stocks 24/7 through its xStocks platform. This innovation enables investors to gain exposure to major global tech companies such as NVIDIA, Tesla, and Apple, among others. The tokenized stocks, issued by Backed Finance, are not registered securities and are unavailable to users in restricted areas including the US, UK, and EU.

The initial offering of tokenized stocks on Bitrue includes NVDAX (NVIDIA Corp.), CRCLX (Circle Internet Group Inc.), AAPLX (Apple Inc.), TSLAX (Tesla Inc.), SPYX (SPDR S&P 500 ETF Trust), and MSTRX (MicroStrategy Inc.). These tokenized stocks are available for trading around the clock, regardless of US market hours, and can be accessed globally without the need for a secondary broker account. Users can buy and sell these stocks directly using USDT, avoiding traditional broker fees, with transactions completed within seconds.

Operating on blockchain infrastructure, the tokenized stocks are backed by real-world assets, offering transparency and verifiable ownership. This enhances convenience for investors seeking exposure to major equities. The tokenized stocks are initially available through Bitrue Alpha, a recently launched feature designed to list trending tokens early, giving users the opportunity to trade them ahead of a potential full spot exchange listing. Tokens that gain traction on Bitrue Alpha may be promoted to the main exchange.

The first set of six tokenized stocks is now live for trading on the Bitrue app, with additional listings to follow at regular intervals. Issued by Backed Finance, xStocks are blockchain-based tokens that track the value of traditional equity portfolios. These instruments do not confer ownership rights, dividends, or shareholder privileges. The platform advises users to conduct their own research and understand the associated risks before investing.

This move by Bitrue represents a significant step forward in the integration of traditional financial markets with the cryptocurrency ecosystem. By offering 24/7 trading of tokenized stocks, Bitrue provides investors with greater flexibility and accessibility, aligning with the growing trend of digital asset adoption. The use of blockchain technology ensures transparency and security, making it an attractive option for those looking to diversify their investment portfolios.