Crypto exchanges are pushing deeper into equities, turning stocks into one of the clearest product expansion paths in this market cycle. CoinGecko data cited in the report shows monthly stock perpetual volume across the top 13 crypto trading platforms climbed from about $831 million in July 2025 to roughly $34 billion in May 2026, a jump of nearly 40 times in less than a year. TradFi and RWA perpetuals spanning stocks, commodities and indexes reached $347.17 billion in May 2026 alone, with year-to-date volume above $1.32 trillion. The landscape is no longer limited to synthetic price exposure. Binance, Kraken, OKX, Bitget, Gate, Coinbase and Backpack are each combining different layers of product infrastructure, including direct access to real U.S. stocks and ETFs, tokenized stocks backed 1:1 by underlying securities, onchain-transferable equity tokens, stock perpetuals, CFDs and pre-IPO contracts. Their structures differ in important ways, especially around custody, investor rights, redemption and whether users actually own shares or only gain economic exposure. The report argues that crypto stocks remain early relative to traditional equity markets, with CoinGecko data indicating activity in crypto stock derivatives is still less than 1% of traditional stock market volume. Even so, the segment is moving from a niche RWA experiment toward a core competitive arena for centralized exchanges that want to extend from crypto into broader financial trading.

Crypto stock products are turning into one of the clearest expansion paths for centralized exchanges as they push beyond digital assets and into traditional finance. The competitive set is no longer limited to synthetic price exposure. By 2026, major platforms had rolled out a mix of real stock brokerage, tokenized equities, stock perpetuals, CFDs and pre-IPO products, often inside a single account system. According to CoinGecko figures cited in the source article, monthly trading volume for stock perpetuals across the top 13 crypto trading platforms climbed from about $831 million in July 2025 to roughly $34 billion in May 2026, an increase of nearly 40 times in less than a year. The article also notes that cumulative stock-perpetual volume in the first five months of 2026 had already surpassed the whole of 2025. On the tokenized spot side, xStocks had logged more than $35 billion in cumulative trading volume by July 2026 and nearly 200,000 holders globally, while expanding beyond U.S. stocks and ETFs into Hong Kong, the U.K., Europe and South Korea. The report reviews how Binance, OKX, Bitget, Gate, Kraken, Coinbase and Backpack approach the market through different legal and product structures. It argues that the category now spans four distinct models: traditional brokerage access to real shares, tokenized securities backed by underlying stocks, total-return or synthetic equity tokens, and stock perpetuals or CFDs that do not require 1:1 share backing. The result is a market that is still early by global equity standards, yet increasingly central to how exchanges compete for the next phase of user growth.

Crypto markets opened the day with a heavy policy, exchange and security agenda. U.S. Senate Republicans released a new 616-page version of the Clarity bill, adding ethics provisions that would bar public officials and their spouses from issuing or sponsoring digital assets, while allowing investment holdings under disclosure and divestment or blind-trust requirements. The ethics section includes a sunset date of Jan. 20, 2029, and the proposal is still being negotiated ahead of a possible Senate vote as early as next week. Elsewhere, BitMEX said it will shut down on Sept. 23, 2026 at 12:00 Beijing time and has already stopped registering new users. The exchange said new position openings will be restricted from Aug. 26, 2026, with users only allowed to reduce positions before any remaining positions are forcibly closed at shutdown. Kazakhstan also approved rules for “strategic digital mining,” tying electricity allocations to transfers of part of miners’ output into a structure that will help build a national strategic crypto reserve. On the security front, the AFX-operated cross-chain bridge in the Arbitrum ecosystem was attacked at 5:30 a.m. Beijing time on July 23, with about 24.15 million USDC stolen. Blockaid said it is working with the Arbitrum team and affected protocols to help freeze funds, while Offchain Labs co-founder Steven Goldfeder said Arbitrum’s native bridge was not exploited. Grayscale, Bitwise and CryptoQuant analysts also published fresh views on Bitcoin market conditions, ETF flows and signs of a possible bottom.

A broad set of market, security, regulatory, and infrastructure developments emerged between late July 22 and early July 23. Binance said it will add 10 tokenized bStocks securities as eligible collateral and open margin trading for their related pairs, while Upbit designated Zilliqa’s ZIL as a closely watched asset and suspended deposits and withdrawals after security concerns tied to its wallet or distributed ledger. Zilliqa then disclosed a serious Ledger app nonce flaw affecting native, non-EVM ZIL transactions, saying private keys could be recovered from around five affected signatures. Security incidents also hit B² Network and an AFX-operated bridge in the Arbitrum ecosystem. Elsewhere, Payward said xStocks is expanding tokenized equities beyond U.S. names, Sui launched the Hashi Bitcoin interoperability testnet, BNY Mellon outlined plans for round-the-clock Treasury settlement, and several firms including OpenAI, Alphabet, Revolut, Tesla, and Samsung disclosed major product, spending, or financial updates. The flow also included U.S. legislative movement on the Clarity bill, SEC commentary on on-chain vaults and lending strategies, whale ETH purchases, and fresh market views from Grayscale and Bitwise.

Binance is set to launch a stock contract tied to POP MART, according to an official announcement cited by BlockBeats on July 23. The contract will trade under the symbol POPMARTUSDT. Binance said trading is scheduled to go live at 10:30 on July 23, 2026, in UTC+8. The update was published by BlockBeats as a brief market item and attributes the information directly to Binance’s official notice. No additional product details, trading rules, or contract specifications were disclosed in the provided source.

PumaPay is presented as an open-source pull payment protocol on blockchain. Publicly available data highlights a 0.01 all-time high for PMA and a circulating supply of 26.48 billion tokens, offering a basic lens for market evaluation.

PumaPay (PMA) has plunged over 99% from its all-time high of $0.01, with a circulating supply of 26.48 billion tokens. This article examines its pull-payment protocol, market struggles, storage options, and lessons for the payment token sector.

PumaPay is an open-source blockchain pull payment protocol. PMA reached an all-time high of $0.01, with 26.48 billion tokens in circulation as of May 25, 2026. Here is what the available data suggests for the market.