The US stock earnings season is in full swing, with Goldman Sachs and JPMorgan Chase both posting first-quarter results that exceeded expectations, signaling a steady recovery in overall market risk appetite. Against the backdrop of surging performance across the three major indices, Gate’s stock token sector is delivering investment efficiency far beyond mainstream crypto assets, continually unleashing the impressive "stock Beta" leverage effect.
As of April 24, Gate’s global derivatives market share has climbed to 12.2%, securing a solid position among the world’s top three. Monthly derivatives trading volume has soared to $500 billion, while spot trading volume remains steady between $55 billion and $65 billion. Behind these headline figures, explosive, single-stock-level rallies are already taking shape.
The Most Explosive New Hotspot: SPCX Pre-Market Trading Launches Today
On April 20, Gate officially launched its new Pre-IPOs product line with the debut of SpaceX tokenized stock SPCX. Each SPCX is priced at $590, with a total supply of just 33,900 tokens, corresponding to an implied SpaceX valuation of approximately $1.4 trillion. Compared to the multi-million-dollar minimum investments typical of traditional private placements, SPCX lowers the entry barrier by over 99.9%—users can participate with as little as 100 USDT. This means any KYC-verified retail investor can instantly join the ranks of shareholders in one of the world’s top pre-IPO companies.
This democratized design quickly ignited market enthusiasm. Within 48 hours of the subscription opening, total SPCX subscriptions soared to around $368 million, nearly 17 times the allocation amount. As of April 22, Gate had completed the full distribution and 100% unlocking of SPCX asset notes. At 10:00 UTC on April 24, SPCX pre-market trading officially went live, kicking off round-the-clock, 24/7 trading. Even more importantly, during the holding period, users can earn up to 200% APY through the platform’s USDT savings product, enabling funds to grow without the need to sell.
In traditional finance, the pre-IPO phase is often the period of most rapid value discovery. If SpaceX achieves its projected $1.75 trillion IPO valuation in June this year, that’s a 25% revaluation potential over the current $1.4 trillion level. This is the fundamental logic behind SPCX’s high-upside expectations.
Leverage-Driven Rally Intensifies: MSTRX Bounces Back From $120 to Over $170
If SPCX represents a novel, scarcity-driven narrative, then MSTRX showcases the most attractive "advanced Beta" effect among stock tokens. After a significant correction in early 2026, MicroStrategy tokenized stock MSTRX has rebounded strongly from its early April low of $120 to above $170, marking a cumulative gain of 40% and a weekly increase of nearly 30%.
It’s not just the price that’s surging—MSTRX’s inherent "leverage factor" is also rising. According to Gate market data, MSTRX’s implied actual Beta coefficient is close to 5.2x: for every 1% move in Bitcoin, MSTRX typically moves about 5%. This strong correlation is fueled by MicroStrategy’s recent aggressive accumulation: between April 13 and 19, the company invested another $2.54 billion to acquire 34,164 BTC, pushing its total holdings past 815,000 BTC and officially surpassing BlackRock’s IBIT to become the world’s largest institutional Bitcoin holder.
It’s worth noting that Wall Street analysts maintain a consensus "Strong Buy" rating on MSTR, with an average price target of $359. With TD Cowen analysts recently raising their forecasts, the price ceiling continues to rise. For a product with a built-in 5x Bitcoin Beta, users can achieve even greater position flexibility by leveraging up to 10x in Gate’s contract section—far beyond conventional frameworks.
Retail Investors Rush In: TSLAX, HOODX, and AMD Lead the Charge
In the latest Gate xStocks section, nearly all tokenized stocks are experiencing the "Davis Double Play." Tesla tokenized stock TSLAX is holding steady at $395, with a total asset value of about $78 million and over 20,000 holders. HOODX is equally impressive, posting a 7-day gain of over 30%. Since April 13, Gate has added more than 30 perpetual contract products for stocks and ETFs, expanding from core names like MSFT (Microsoft), IBM, MCD (McDonald’s), and ASML to the flagship GER40 (Germany DAX 40 Index) perpetual contract.
Semiconductor giant AMD’s tokenized stock also recently hit a record high of $289, with an overall April gain of 35.16%, mainly driven by surging AI computing demand. These numbers all point to the same trend: the threshold for global quality stock asset allocation on Gate has never been lower. With purchases starting at just 0.0001 units, fractional shares, and low funding rates, retail investors can easily access diversified portfolios.
Compliance and Ecosystem Upgrades
Gate’s leadership in stock tokenization isn’t just about riding the market wave—it’s also about visible compliance moves that reinforce its industry position. Building on its Malta PSD2 payment institution license obtained in February 2026, the group plans to secure triple licenses in Hong Kong, Singapore, and under the EU’s MiCA framework within the year. At Gate’s 13th anniversary event in Dubai, the company announced its "TradFi+DeFi" super gateway strategy—signaling a shift from "functional innovation" to "regulatory innovation" in its stock token business. With the launch of unified account structures and multi-asset professional API interfaces, both market makers and everyday users can now enjoy seamless global value transfer.
Conclusion
In summary, Gate’s stock tokens—led by standout performers like SPCX and MSTRX, and bolstered by over 30 new perpetual contract listings—are building a diversified, cross-asset investment ecosystem. From the Pre-IPO frenzy around SpaceX, to MSTRX’s 5.2x Beta leverage, and the ongoing rallies in TSLAX and HOODX, Gate continues to break down the time and space barriers of traditional finance, offering investors more flexible, low-barrier, and round-the-clock participation. Looking ahead, as more high-quality asset classes are added in the second quarter of 2026, Gate is not only reshaping global retail asset allocation, but also cementing its role as the core infrastructure for on-chain US equities.
