Through the xStocks feature, users can directly purchase stocks of NASDAQ-listed companies using USDT, breaking the limitations of geography, time, and capital thresholds. Each token (such as NVDAX representing Nvidia) is fully backed by physical stocks held by partner institutions, and the 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 trade digital assets that are anchored to real stock prices directly using cryptocurrencies like USDT, 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 custodial institution. For example, NVDAX represents NVIDIA, and AAPLX represents Apple.
Core Features of xStocks
xStocks has several prominent features: one-to-one asset backing, with each token fully collateralized by physical stocks held by partner institutions, ensuring that the price is synchronized with real-time stock prices on NASDAQ.
Secondly, there are ownership characteristics; holders enjoy rights to price appreciation, 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, fractional share trading (starting from a minimum of 0.0001) and settlement using crypto assets such as USDT.
Latest price and market performance of NVDA stock
As of August 21, 2025, Nvidia (NVDA) closed at $174.98, with a daily decline of 0.24%.
NVIDIA’s stock has shown fluctuations recently. It fell by 3.87% over the past 5 trading days and declined by 1.62% throughout August.
However, from a longer-term perspective, its increase from the beginning of the year to date has still reached 30.30%, and the increase over the past 52 weeks is 36.17%.
Market Trading Situation
On August 21, 2025, Nvidia’s turnover 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, several 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 official website or App, register your account and complete identity verification (KYC).
Next, recharge USDT: Ensure that you have sufficient USDT assets in your Gate account as trading capital. Gate supports deposits of mainstream cryptocurrencies such as USDT and BTC, which can be completed via on-chain transfers or third-party payment platforms.
Buy 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 underlying assets.
Next, select the trading pair: find the NVDAX/USDT trading pair in the list.
Then submit the order: enter the price and quantity (fractional shares are supported, such as 0.01 units), choose limit order (specified price) or market order (immediate execution).
Final confirmation of position: After the transaction, the NVDAX token will be deposited into your spot account, allowing you to monitor profits and losses at any time.
Selling and Withdrawing
When you need to exit a position, you can sell NVDAX in the xStocks section, and the process is similar to buying, just perform the reverse operation.
If you need to withdraw, it supports withdrawing tokens to a personal crypto wallet (such as Gate Wallet), achieving true self-custody of assets.
xStocks Advantages and Risk Analysis
xStocks provides investors with a new option beyond traditional stock investments, but it also brings unique risk characteristics.
Main Advantages
The advantages of xStocks are mainly reflected in the following aspects: it realizes global investment without geographical restrictions. Traditional stocks usually require a U.S. account or fiat currency settlement, which limits the participation of 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-hour uninterrupted trading, allowing global users to operate flexibly.
There is also a low threshold, supporting fractional holdings. xStocks supports "fragmented" investing in stocks, allowing users to buy partial shares with small amounts of capital, thus lowering the investment barrier.
In addition, it supports leveraged trading and two-way operations. xStocks offers up to 10x leverage, supporting both long and short positions, helping investors find opportunities in different market conditions.
Finally, there is the endorsement of transparent blockchain assets, where all tokens are backed 100% by actual stock assets, and transaction records can be traced on the blockchain, making it transparent and secure.
Potential Risks
It is important to note that xStocks investment also carries some risks: firstly, there is the risk of the platform and counterparties, as asset security completely depends 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 leveraged liquidation, as severe market fluctuations in contract trading may lead to the margin being reduced to zero.
Finally, there is regulatory uncertainty; tokenized stocks are an emerging field, and regulatory policies in various countries may be subject to dynamic adjustments.
Future Outlook
As of August 22, 2025, the Gate xStocks area continues to expand, adding new products 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 connect cryptocurrency, tech stocks, and index funds.
