Bybit Adds Tokenized Stocks to Popular Investment Product
Bybit, the world's second-largest cryptocurrency exchange by trading volume, has integrated xStocks into its Dual Asset product. This move marks a significant expansion of Bybit's structured investment offerings beyond traditional cryptocurrencies.
The six tokens included in xStocks are tokenized versions of shares in SpaceX, NVIDIA, Apple, Alphabet, Coinbase, and Amazon. These assets span various sectors such as aerospace, technology, and financial services.
Bybit's Dual Asset product allows users to select an xStock pair, target price, and investment period to pursue yield based on their view of the underlying stock's price movement. The supported investment periods are 8 hours, 1 day, and 7 days, with subscription amounts ranging from 30 to 200,000 USDT per order.
Bybit's Head of Earn and Wealth Management, Jerry Li, stated that extending the Dual Asset mechanism to tokenized equities reflects where investor interest is heading. He noted that crypto-native audiences are looking to engage with sectors across AI, tech, and space exploration through tools they already understand.