Bitrue Launches 24-Hour Tokenized Stock Trading for Six Major Companies

Bitrue, a diversified exchange platform for trading, loans, and assets, has introduced tokenized stock trading through its Bitrue App. This new feature allows traders from non-restricted jurisdictions to trade in six prominent stocks: Apple (AAPLX), Tesla (TSLAX), Nvidia (NVDAX), MicroStrategy (MSTRX), Circle Internet Group (CRCLX), and the S&P 500 (SPYX). The tokenized stocks are available for trading 24 hours a day, regardless of the operating hours of U.S. markets. However, users in the United States, the UK, and the EU are currently unable to access these tokenized stocks.

Tokenized stocks offer several advantages, including the ability to buy and sell directly using USDT without the need for a secondary broker account, thereby eliminating broker fees. Transactions are executed within seconds and are backed by real-world assets, with blockchain technology ensuring full ownership transparency. This innovation aligns with Bitrue's core principle of investment freedom, aiming to break down traditional financial barriers that often exclude smaller investors. Adam O’Neill, Chief Marketing Officer at Bitrue, emphasized the platform's commitment to providing users with new avenues to expand their portfolios and deliver real returns.

Bitrue users can access these tokenized stocks through Bitrue Alpha, a new feature that highlights trending tokens before they are listed on the spot exchange. However, it is important to note that while the blockchain provides transparency of ownership, xStocks do not grant tokenized stock traders ownership of the company shares. Traders do not qualify for dividend payments and do not hold shareholder rights. Investors are advised to conduct their own research before investing in tokenized stocks.

This development represents a significant step forward in the integration of blockchain technology with traditional financial instruments, offering a more accessible and transparent trading experience. By leveraging tokenized stocks, Bitrue is positioning itself as a leader in the evolving landscape of digital finance, providing users with the tools and opportunities to participate in global markets more freely and efficiently.