Crypto.com Launches Stock and ETF Tokenized Derivatives, Expanding into Traditional Financial Markets

BlockBeats News, August 12th, Crypto.com announced the launch of tokenized derivatives tracking around 1,500 U.S. stocks and ETFs for eligible users in the European Economic Area and other approved markets. The offering covers individual stocks such as Apple, Nvidia, Tesla, as well as gold and silver-related ETFs. This product can be traded starting from as low as $1 and supports 24/7 trading.

The above-mentioned products are essentially derivatives pegged to the price performance of underlying assets. Users receive price exposure without actual ownership of the underlying securities, therefore they do not have shareholder voting rights. However, they may receive adjustments corresponding to dividends based on the arrangement. This move reflects a trend where cryptocurrency exchanges are rapidly expanding into traditional asset classes such as stocks, and the tokenized securities market is also continuously growing.