Crypto Exchanges
By Steven Anderson
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Nvidia Leads Demand, SpaceX Leads Volume. Among all xStock pairs already on the platform, Nvidia-linked ones pull the highest user demand.
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A $1.48 Billion Market Still Finding Its Feet. CEX.IO puts the tokenized-equity market at $1.48 billion and roughly 352,000 wallets as of mid-2026.
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Bybit just got more interesting for structured-product traders. The exchange has expanded its Dual Asset lineup by adding tokenized equity pairs tied to Meta, Tesla, Robinhood,…
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The new pairs — METAXUSDT, TSLAXUSDT, HOODXUSDT, and CRCLXUSDT — sit inside Bybit's existing Dual Asset framework.
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Among all xStock pairs already on the platform, Nvidia-linked ones pull the highest user demand. SpaceX, on the other hand, records the highest trading volume.
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Bybit says it's the first centralized exchange to use xStocks as underlying assets inside structured yield products. That's a meaningful distinction.
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The sectors covered by the new pairs are pretty deliberate. Meta and Tesla bring AI and electric vehicle exposure.
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Related: Swift Launches Cross-Border Payment Framework With Bank of America and J.P. Morgan Across 25 Countries
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Bybit's move fits that bet. Rather than waiting for the tokenized equity market to mature on its own, the exchange is basically trying to manufacture demand by wrapping xStocks…
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And the timing makes sense. Tokenized equity adoption across major markets has picked up noticeably, with more platforms and issuers entering the space.
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There's a catch, though. Access is restricted. The same eligibility rules and regional limitations that apply to xStocks directly also apply here.
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Bybit itself is pushing users to read the risk disclosures carefully before jumping in. The settlement mechanics are genuinely complex.
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Related: BlackRock Launches Two Tokenized Funds as Tether Books $1.5B Q2 Profit
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Still, the demand data from existing pairs is hard to ignore. Nvidia-linked xStocks pulling the most user interest while SpaceX drives the most volume — that's not noise.
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The tokenized-equity market sits at $1.48 billion. Bybit now has ten Dual Asset pairs built around it.
The Currency Analytics
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