Compared to traditional stock trading, xStocks offers a more flexible trading method, supporting 24x7 free trading, second-level Settlement, and allowing coin purchases, with a minimum investment threshold of only 10 dollars.
What is xStocks? When stocks meet blockchain
xStocks is a tokenized stock solution launched by the Swiss compliant platform Backed Finance. It transforms stocks of companies listed on the New York Stock Exchange and NASDAQ into digital assets through blockchain technology.
Each token is backed by a 1:1 real stock collateral. For example, one CRCLx token corresponds to one share of Circle Company, and these underlying stocks are custodied by a licensed bank in Switzerland (such as InCore Bank) and are regularly subjected to on-chain audits to ensure transparency.
xStocks tokens are issued based on both ERC-20 and Solana SPL standards. This design allows users to trade on location exchanges as well as transfer tokens to their own crypto wallets, and even connect to DeFi protocols for staking, lending, and other scenarios, achieving broader asset applications.
CRCL and CRCLX: Understanding Circle's On-Chain Stocks
CRCL is the official trading code for Circle Internet Financial on the NASDAQ. CRCLX, on the other hand, is its tokenized representation on the blockchain, strictly tracking the stock price performance of CRCL.
Circle was founded in 2013, focusing on Bitcoin and blockchain technology. Its mission is to increase global economic prosperity through frictionless exchange of value, and it launched the USDC stablecoin in 2018.
USDC has become a core pillar of Circle's business. As of December 31, 2024, USDC has been used in approximately $20.0 trillion of on-chain transactions, highlighting its foundational role in the crypto ecosystem.
The stock performance of Circle is closely related to the prosperity of the crypto industry, and holding CRCLX is equivalent to gaining "exponential exposure" to the crypto ecosystem. The company's financial report for the second quarter of 2025 shows a revenue of $658 million, exceeding market expectations.
CRCL Latest Stock Price and Market Performance
As of August 20, 2025, the trading volume of Circle (CRCL) was $1.273 billion, ranking 54th in the US stock market that day. The trading volume increased by 1.15% compared to the previous day, with a total trading volume of 9.3161 million shares.
Recently, the CRCL stock price has been quite volatile. On August 15, 2025, the trading volume reached 3.379 billion dollars, while by August 18, the trading volume was 1.258 billion dollars.
Investment banks have differing ratings on CRCL. On August 19, 2025, JP Morgan maintained a "reduce" rating on Circle with a target price of $89. Meanwhile, the average target price given by market analysts for the next 12 months is approximately $191.25.
How to Buy CRCLX in the Gate xStocks Area
preliminary preparation
First, visit Gate.com and complete the account registration. Users need to confirm whether their region is within the service area.
After successful registration, you need to deposit USDT (multi-chain deposit supported) into Gate's 【Spot Account】 as the base currency for purchases.
purchase process
After logging into your Gate account, click on the [Trading] option at the top, and then select [xStocks Spot Zone] or [Alpha Spot Zone].
Enter the CRCLX/USDT trading pair in the search box, or directly visit the CRCLX page in the xStocks section.
You can choose a market order or a limit order when placing an order:
Market Order: Execute immediately at the current best price.
Limit order: Set your ideal buy price (e.g., 160 dollars) and wait for market fluctuations to trigger.
Enter the purchase amount (supporting fractional shares, minimum 10 dollars), and you can complete the transaction after confirming the order information.
Advanced Features (Optional)
The Gate platform also offers some advanced features:
Contract Trading: In the Gate xStocks contract market, you can use up to 10x leverage to long or short CRCLX.
DeFi Value Addition: You can withdraw CRCLX to supported wallets to participate in scenarios such as staking, lending, or liquidity mining.
Advantages and Investment Value of xStocks
The core advantage of xStocks lies in its borderless investment experience. Users can purchase global stocks with one click using USDT without having to open a traditional US stock brokerage account, significantly lowering investment barriers.
The innovation of the trading mechanism is another major highlight. xStocks breaks through the traditional stock market's time limitations of 9:30 AM - 4:00 PM EST, enabling 24/7 trading, allowing investors to respond to significant market movements at any time.
The settlement efficiency has also seen a revolutionary improvement. Transaction confirmation has been shortened from the traditional financial T+2 days to seconds on-chain, supporting cross-chain transfers, and significantly increasing asset utilization.
From a more macro perspective, xStocks represents the future trend of financial democratization. It allows small amounts of capital to participate in the growth dividends of core enterprises in tracks like Circle, incorporating stocks into a crypto asset portfolio to hedge against industry volatility risks.
Investment Risks and Precautions
Although xStocks brings many conveniences, investors must be clearly aware of its risks. First is the most basic difference in rights: holding CRCLX does not grant shareholder voting rights in Circle, and dividends are indirectly reflected through token value adjustments (no cash dividends).
Regulatory uncertainty is a significant challenge currently faced by tokenized stocks. The US SEC has not yet recognized the legality of tokenized stocks, and policies in places like Switzerland and Singapore are still evolving.
Technical and liquidity risks cannot be ignored. In extreme market conditions, a short-term price difference of 2%-5% may occur. Some tokens suffer from insufficient on-chain liquidity, with data from August 2025 showing that 60% of xStocks' daily trading volume is concentrated in the top 6 underlying assets.
The platform also clearly reminds investors that investments may face risks such as market volatility, liquidity (which may prevent immediate sale), technical and platform issues (including system failures, hacking attacks), and regulatory changes, which may lead to partial or total loss.
##Future Outlook
As of August 2025, the average daily trading volume of xStocks has surpassed 100 million USD, and tokens like CRCLX are driving the transition of crypto finance from "fringe experimentation" to "institutional integration."
As more traditional assets are tokenized and logged onto the chain, the seamless experience of "one wallet, global investment" is no longer just an imagination, but has become the standard configuration for the new generation of investors.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
What is the stock price of CRCL? How to buy CRCLX?
Compared to traditional stock trading, xStocks offers a more flexible trading method, supporting 24x7 free trading, second-level Settlement, and allowing coin purchases, with a minimum investment threshold of only 10 dollars.
What is xStocks? When stocks meet blockchain
xStocks is a tokenized stock solution launched by the Swiss compliant platform Backed Finance. It transforms stocks of companies listed on the New York Stock Exchange and NASDAQ into digital assets through blockchain technology.
Each token is backed by a 1:1 real stock collateral. For example, one CRCLx token corresponds to one share of Circle Company, and these underlying stocks are custodied by a licensed bank in Switzerland (such as InCore Bank) and are regularly subjected to on-chain audits to ensure transparency.
xStocks tokens are issued based on both ERC-20 and Solana SPL standards. This design allows users to trade on location exchanges as well as transfer tokens to their own crypto wallets, and even connect to DeFi protocols for staking, lending, and other scenarios, achieving broader asset applications.
CRCL and CRCLX: Understanding Circle's On-Chain Stocks
CRCL is the official trading code for Circle Internet Financial on the NASDAQ. CRCLX, on the other hand, is its tokenized representation on the blockchain, strictly tracking the stock price performance of CRCL.
Circle was founded in 2013, focusing on Bitcoin and blockchain technology. Its mission is to increase global economic prosperity through frictionless exchange of value, and it launched the USDC stablecoin in 2018.
USDC has become a core pillar of Circle's business. As of December 31, 2024, USDC has been used in approximately $20.0 trillion of on-chain transactions, highlighting its foundational role in the crypto ecosystem.
The stock performance of Circle is closely related to the prosperity of the crypto industry, and holding CRCLX is equivalent to gaining "exponential exposure" to the crypto ecosystem. The company's financial report for the second quarter of 2025 shows a revenue of $658 million, exceeding market expectations.
CRCL Latest Stock Price and Market Performance
As of August 20, 2025, the trading volume of Circle (CRCL) was $1.273 billion, ranking 54th in the US stock market that day. The trading volume increased by 1.15% compared to the previous day, with a total trading volume of 9.3161 million shares.
Recently, the CRCL stock price has been quite volatile. On August 15, 2025, the trading volume reached 3.379 billion dollars, while by August 18, the trading volume was 1.258 billion dollars.
Investment banks have differing ratings on CRCL. On August 19, 2025, JP Morgan maintained a "reduce" rating on Circle with a target price of $89. Meanwhile, the average target price given by market analysts for the next 12 months is approximately $191.25.
How to Buy CRCLX in the Gate xStocks Area
preliminary preparation
First, visit Gate.com and complete the account registration. Users need to confirm whether their region is within the service area.
After successful registration, you need to deposit USDT (multi-chain deposit supported) into Gate's 【Spot Account】 as the base currency for purchases.
purchase process
After logging into your Gate account, click on the [Trading] option at the top, and then select [xStocks Spot Zone] or [Alpha Spot Zone].
Enter the CRCLX/USDT trading pair in the search box, or directly visit the CRCLX page in the xStocks section.
You can choose a market order or a limit order when placing an order:
Enter the purchase amount (supporting fractional shares, minimum 10 dollars), and you can complete the transaction after confirming the order information.
Advanced Features (Optional)
The Gate platform also offers some advanced features:
Advantages and Investment Value of xStocks
The core advantage of xStocks lies in its borderless investment experience. Users can purchase global stocks with one click using USDT without having to open a traditional US stock brokerage account, significantly lowering investment barriers.
The innovation of the trading mechanism is another major highlight. xStocks breaks through the traditional stock market's time limitations of 9:30 AM - 4:00 PM EST, enabling 24/7 trading, allowing investors to respond to significant market movements at any time.
The settlement efficiency has also seen a revolutionary improvement. Transaction confirmation has been shortened from the traditional financial T+2 days to seconds on-chain, supporting cross-chain transfers, and significantly increasing asset utilization.
From a more macro perspective, xStocks represents the future trend of financial democratization. It allows small amounts of capital to participate in the growth dividends of core enterprises in tracks like Circle, incorporating stocks into a crypto asset portfolio to hedge against industry volatility risks.
Investment Risks and Precautions
Although xStocks brings many conveniences, investors must be clearly aware of its risks. First is the most basic difference in rights: holding CRCLX does not grant shareholder voting rights in Circle, and dividends are indirectly reflected through token value adjustments (no cash dividends).
Regulatory uncertainty is a significant challenge currently faced by tokenized stocks. The US SEC has not yet recognized the legality of tokenized stocks, and policies in places like Switzerland and Singapore are still evolving.
Technical and liquidity risks cannot be ignored. In extreme market conditions, a short-term price difference of 2%-5% may occur. Some tokens suffer from insufficient on-chain liquidity, with data from August 2025 showing that 60% of xStocks' daily trading volume is concentrated in the top 6 underlying assets.
The platform also clearly reminds investors that investments may face risks such as market volatility, liquidity (which may prevent immediate sale), technical and platform issues (including system failures, hacking attacks), and regulatory changes, which may lead to partial or total loss.
##Future Outlook As of August 2025, the average daily trading volume of xStocks has surpassed 100 million USD, and tokens like CRCLX are driving the transition of crypto finance from "fringe experimentation" to "institutional integration."
As more traditional assets are tokenized and logged onto the chain, the seamless experience of "one wallet, global investment" is no longer just an imagination, but has become the standard configuration for the new generation of investors.