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Financemagnates

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Bitget Joins Robinhood and Kraken in Offering "Always-On" Stock Markets With Tokenized Wall Street Assets

  • Cryptocurrency exchanges like Bitget and Kraken are expanding into tokenized stock trading, allowing users to trade traditional stocks like Apple and Tesla around the clock.
  • Bitget integrated xStocks into its platform, enabling users to trade tokenized versions of major companies, offering faster settlement times and 24/5 trading hours. Kraken also expanded its xStocks offering to the BNB Chain.
  • Multiple platforms are racing to capture market share in this emerging sector, offering advantages like 24/5 trading, faster settlements, and the ability to use tokenized stocks as collateral in decentralized finance protocols.
  • While some skeptics question the added value of tokenized stocks over existing products and liquidity concerns persist, market momentum for tokenized assets continues to build, with market research suggesting significant growth potential.

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