US Stock Trading on Crypto Exchanges – What's the Real Difference?
As of June 2026, several major crypto exchanges have launched US stock-related products. While they may look similar at first glance, their actual structures are quite different.
Broadly, they can be categorized into three types:
• Brokerage Model (Real share ownership)
• Tokenized Model (Price exposure only)
• Hybrid Model (Real shares + on-chain tokenization)
Attached is a clear comparison of the major platforms:
@binance & @MEXC : Closest to traditional stock brokerage inside a crypto app
@bitget & @Bybit_Official : Focus on tokenized assets that track stock prices (no actual share ownership)
@Backpack : Hybrid model combining real stock holding with on-chain tokenization (still in Beta)
@okx : Not launched yet. Preparing tokenized equities through its partnership with ICE/NYSE
If you're considering trading US stocks on crypto exchanges, don’t just look at the number of listings or 24/7 availability.
It’s more important to understand the ownership structure and what rights (such as voting rights or dividends) you actually get.
If you could trade stocks on both @binance and @Backpack , which platform would you choose?
When trading stocks, do you consider shareholder rights and voting rights?
Backpack offers shareholder rights and voting rights.
Binance does not.
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