Bybit enables USDT-paired equities trading in Gold & FX expansion
Quick Take
- Users can trade 78 shares from global companies on the Dubai-based crypto exchange.
- Bybit will allow customers access to stocks using Tether’s USDT stablecoin.
Dubai-based crypto exchange Bybit has expanded its Gold & FX product suite by adding equities trading, allowing users to trade shares of 78 companies — including Coinbase (COIN) and the “Magnificent 7” — using USDT, the stablecoin issued by Tether, the company announced Monday.
The new feature is part of Bybit Gold & FX, a section of the platform that lets users trade gold, foreign exchange, and other commodities.
Bybit said its stock trading feature is built on a contract for difference (CFD) model. CFDs let traders speculate on the price movements of assets without owning the underlying securities, with profits or losses settled based on the difference between entry and exit prices. Users may also receive dividend adjustments, credited or debited, depending on ex-dividend events, according to the May 19 update.
Bybit’s expanded Gold & FX section comes as crypto service providers look to bridge digital asset platforms and Wall Street. Last month, Kraken unveiled a phased rollout for U.S. stock and exchange-traded funds. This followed Kraken’s proposed acquisition of U.S. retail futures platform NinjaTrader for $1.5 billion.
Crypto.com, another crypto exchange, supports stock and ETF trading via a partnership with Foris Capital US LLC, a broker-dealer regulated by the U.S. Securities and Exchange Commission.
Platforms like Robinhood and eToro — while initially focused on traditional assets — offer similar services through crypto listings, although with a limited number of blockchain-based digital currencies.
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