More than 60 token actions are now available on the exchanges of Crypto Kraken and Bybit, as well as on decentralized financing platforms (DEFI) based in Solana.
In an announcement on Monday by Backed Finance, the company said that its tokenized stocks product, XSTOCKS, had launched with more than 60 actions available on Bybit, Kraken and several Solana Defi protocols, offering users an exhibition to traditional actions via a blockchain infrastructure.
The selection of actions focuses on first -rate giants and cryptographic, emerging and established companies. The supported actions include Netflix, Meta, Robinhood, Coinbase, Amazon, Nvidia, McDonald’s, Apple, Tesla and Microsoft, among others.
Trading 24/7 of freely transferable actions
The official XSTOCKS website promises some differences in its token stock offer compared to traditional markets, including 24/7 exchanges, freely transferable assets, lack of commissions (promised on Kraken) and DEFI support.
Bybit – The second largest exchange of crypto by the negotiation volume according to CoinmarketCap data – also announced that it was supporting XSTOCKS. The exchange said that the ONCHAIN regulation will be close and the tokens will be supported at head by real actions.
Bybit also claims that the offer is in accordance with the European Union markets in the financial instruments Directive II (Mifid II). He added that future support for dividends is being studied.
XSTOCKS are also available on Tradfi and Bybit platforms, which are addressed to trading hybrid and traditional assets.
Kraken – One of the oldest exchanges of crypto still active – also announced the support of XSTOCKS. “Say goodbye to unfair delays, trading limits, calendar problems and complex registration,” he said.
Stocks: now on deffi
The sustained financial announcement said that the XSTOCKS are “ready for the challenge” and already integrated into the main Solana protocols. The team has promised that from today, it will be possible to access the XSTOCKS on the protocols of Kamino, Raydium and Jupyter.
XSTOCKS management has also been added to the Solana ghost portfolio, although full functionality is still deployed.
With this integration, actions can now be used to provide liquidity on Raydium, be exchanged on Jupiter or exchanged towards and from Kamino. In other words, the actions are now integrated into Solana’s DEFI ecosystem, which has a current total value locked of $ 8.56 billion, according to Defillama.
