With the xStocks feature, users can directly purchase stocks of Nasdaq-listed companies using USDT, breaking the limitations of geography, time, and financial thresholds. Each token (such as NVDAX representing Nvidia) is fully backed by physical stocks held by partner institutions, and its price is synchronized with the real-time stock price on Nasdaq.
What is xStocks?
xStocks is a tokenized stock trading area launched by the Gate trading platform, which converts traditional stock assets into digital tokens through blockchain technology.
This allows investors to use cryptocurrencies such as USDT to directly trade digital assets that are anchored to real stock prices, without the need for traditional brokerage accounts.
The essence of xStocks is a financial derivative fully backed by physical stocks, with each token corresponding to actual stocks held by a custodian. For example, NVDAX represents Nvidia, and AAPLX represents Apple.
Core Features of xStocks
xStocks has several prominent features: one-to-one asset anchoring, where each token is fully backed by physical stocks held by partner institutions, ensuring that the price is synchronized with real-time NASDAQ stock prices.
Secondly, there are ownership characteristics; holders enjoy the right to price gains but do not have voting rights or direct dividends. The platform may distribute alternative earnings in the form of tokens.
In addition, it adopts an on-chain verifiable design, based on Solana Built with Ethereum’s SPL/ERC-20 standard, supporting cross-chain transfers and wallet custody.
Finally, there is trading flexibility, supporting24⁄724/7 trading, any fractional share trading (starting from 0.0001), and settlement using cryptocurrencies such as USDT.
Latest price and market performance of NVDA stock
As of August 21, 2025, NVIDIA (NVDA) closed at $174.98, a decrease of 0.24% for the day.
Nvidia’s stock has recently shown volatility. It has decreased by 3.87% over the past 5 trading days and has fallen by 1.62% for the entire month of August.
However, looking at a longer time frame, its year-to-date increase has still reached 30.30%, and the increase over the past 52 weeks is 36.17%.
Market Trading Conditions
On August 21, 2025, Nvidia’s transaction volume was $24.394 billion, a decrease of 34.30% compared to the previous trading day, with a trading volume of 139 million shares.
Despite recent pullbacks, multiple institutions remain optimistic about NVDA. UBS maintained a "buy" rating for Nvidia on August 21, with a target price set at $205.
How to Buy NVDAX: A Detailed Step-by-Step Guide
The process of purchasing NVDAX is simple and intuitive, similar to trading other cryptocurrencies.
Preparation Work
First, register and verify your account: visit the Gate website or app, register your account and complete identity verification (KYC).
Next, recharge USDT: Make sure you have enough USDT assets in your Gate account as trading capital. Gate supports deposits of mainstream cryptocurrencies such as USDT and BTC, which can be completed through on-chain transfers or third-party payment platforms.
Purchase NVDAX
The first step is to locate the trading area: after logging into your Gate account, select the "xStocks" section in the top navigation bar to view all supported tokenized stock assets.
Next, select the trading pair: find the NVDAX/USDT trading pair in the list.
Then submit the order: enter the price and quantity (supporting fractional trades, such as 0.01 units), choose a limit order (specified price) or a market order (instant execution).
Final confirmation of positions: After the transaction, the NVDAX tokens will be deposited into your spot account, allowing you to monitor profits and losses at any time.
Selling and Withdrawal
When you need to exit a position, you can sell NVDAX in the xStocks area, and the process is similar to buying; just reverse the operation.
If you need to withdraw, you can withdraw tokens to your personal crypto wallet (such as Gate Wallet), achieving true self-custody of assets.
xStocks Advantages and Risk Analysis
xStocks offers investors a new option beyond traditional stock investments, but it also comes with unique risk characteristics.
Main Advantages
The advantages of xStocks are mainly reflected in the following aspects: it achieves global investment without geographical restrictions. Traditional stocks often require a U.S. account or fiat currency settlement, which limits participation for non-U.S. residents, while xStocks allows global users to invest using cryptocurrencies such as USDT.
Secondly, it is all-weather24⁄7In trading, the stock market has trading time restrictions, while xStocks supports 24/7 uninterrupted trading, allowing global users to operate flexibly.
There is also a low threshold, supporting fractional holdings. xStocks supports "fragmented" investment in stocks, allowing users to buy a portion of stocks with small amounts of money, which lowers the investment threshold.
In addition, it supports leveraged trading, two-way operations, and xStocks offers up to 10x leverage, supporting both long and short positions, helping investors find opportunities in different market conditions.
Finally, there is a transparent blockchain asset endorsement, where all tokens are 100% backed by actual stock assets, and transaction records can be traced back on the blockchain, ensuring transparency and security.
Potential Risks
It is important to note that there are also some risks associated with xStocks investment: firstly, there is the risk of the platform and counterparty, as the security of assets completely relies on the reputation and operational status of the Gate platform and its partnered custodians.
Secondly, there are differences in the nature of ownership. Holders do not enjoy the rights of traditional shareholders, such as direct access to dividends (the platform may distribute them in other forms) and voting rights in company decisions.
There is also the risk of margin liquidation; severe market fluctuations in contract trading may lead to a zero margin.
Finally, there is regulatory uncertainty; tokenized stocks are an emerging field, and regulatory policies in various countries may be dynamically adjusted.
Future Outlook
As of August 22, 2025, the Gate xStocks section continues to expand, adding targets such as QQQX (Nasdaq 100 Index ETF) and DFDVX (Tech Giants Portfolio ETF).
xStocks represents a new trend of integration between traditional finance and the crypto world. Whether you are a conservative investor hedging against crypto market volatility or a trader seeking 24-hour long and short operations, a USDT account can seamlessly connect cryptocurrencies, tech stocks, and index funds.
