S

Trading stocks on crypto exchanges, explained.

A plain-English directory and explainer hub for trading stocks on crypto exchanges. We tell you exactly what you own on each platform — a real share, a tokenized stock, a CFD, or a tokenized real-world asset. No hype — just a clear answer to the one question that matters before you deposit: when you “buy a stock” here, what do you actually own?

Start here: what you really ownBrowse exchanges

Five ways to “own” a stock on a crypto platform

They are not the same. Each carries different rights, risks and tax treatment.

Real share

You own the actual underlying equity (or a regulated fractional interest in it), typically with shareholder rights.

Tokenized stock

A blockchain token that represents a share held by a custodian. You own the token/certificate, not the share directly.

RWA

A tokenized real-world asset issued by a regulated entity, redeemable for value backed by the underlying security.

CFD

A contract for difference — a leveraged bet on the price. You own no share and have no shareholder rights.

Perp

A perpetual future tracking the stock's price. A derivative with no expiry, funding fees and leverage — not ownership.

Platform hubs

View all
Binance bStocksTokenized stockBinance bStocks (launched June 2026) are tokenized stock certificates issued as BEP-20 tokens, backed 1:1 and regulated under ADGM. Legally they are not shares and give no direct share ownership; corporate actions are reflected in the token.
Binance StocksReal shareBinance Stocks (launched June 2026) offers real US equities for non-US users through broker-dealer Nest Trading with Alpaca handling clearing. You get actual share ownership and dividends — distinct from Binance's tokenized bStocks.
Bybit TradFiCFDBybit TradFi offers CFDs and perpetual contracts on stocks and indices via MT5 (powered by Infra Capital, Mauritius FSC), with leverage up to 500x. You do not own the underlying — only price exposure. Not available in the EEA, US and some other regions.
Kraken xStocksTokenized stockxStocks are tokenized stocks issued by Backed Finance (Switzerland), backed 1:1 and tradeable on-chain. Kraken is the market leader by volume (Bybit also lists xStocks). You hold the token rather than the equity itself.
HyperliquidPerpHyperliquid is an on-chain perpetuals DEX. Equity exposure comes via on-chain equity perps built on its HIP-3 framework — e.g. builder trade.xyz lists 24/7 perps on Tesla, Apple, Nvidia and Amazon plus a Nasdaq index. Leveraged derivatives, no ownership.
CoinbaseTokenized stockCoinbase has announced tokenized stocks for non-US users, expected to launch around August 2026. The product is not live yet; details on backing and custody are still being confirmed.
Ondo Global MarketsRWAOndo Global Markets is an RWA issuer offering 260+ tokenized US stocks and ETFs across Solana, Ethereum and BNB Chain. Tokens track total return including dividends; Ondo is the largest tokenized-equity issuer by TVL.

Start with the explainers

Real Shares vs Tokenized Stocks vs CFDsThe difference between owning a real share, a tokenized stock, and a CFD — and why it changes your rights, risks and taxes.
What Are Binance bStocks?How Binance's bStocks work — BEP-20 tokenized stock certificates backed 1:1 under ADGM — and how they differ from real share ownership and from Binance Stocks.
What Is Ondo Finance?How Ondo tokenizes real-world assets and stocks, who issues the tokens, and what backs them.
Are Tokenized Stocks Legal?The regulatory status of tokenized stocks across major jurisdictions, and what to check before you buy.