The exchange expands into equities with synthetic products tracking major stocks like AAPL and TSLA, amid a 600% surge in tokenized markets.
Crypto.com introduced tokenized derivatives tied to 1,500 U.S. stocks and ETFs, including Apple (AAPL), Tesla (TSLA), and Nvidia (NVDA). The products, available in the European Economic Area and other approved markets, start at $1 and trade 24/7, offering price exposure without share ownership or voting rights.
The launch follows a 600% annual growth in tokenized stock markets, as crypto exchanges increasingly target traditional equities. These derivatives, issued by Foris Capital CY Limited, track underlying asset prices but do not confer shareholder rights, sparking debate over their regulatory and market role.
Investors gain synthetic exposure to equities, with positions designed to mirror price movements of the referenced stocks or ETFs like SPDR Gold Shares (GLD) and iShares Silver Trust (SLV).