xStocks Beginner's Guide: A Step-by-Step Tutorial on How to Buy CRCLX

In July 2025, several major global exchanges launched the xStocks trading zone, allowing investors to directly purchase stock tokens of giant companies like Google and TSL using USDT, completely freeing them from the time and regional restrictions of traditional stock market trading.

As of August 2025, xStocks' average daily trading volume has exceeded 100 million USD, among which the CRCLX, representing Circle's stock, has become one of the most actively traded tokenized stock assets due to its high correlation with the crypto industry.

What is xStocks? When Stocks Meet Blockchain

xStocks is a tokenized stock solution launched by the Swiss compliant platform Backed Finance, which transforms the stocks of NYSE and NASDAQ listed companies into digital assets on the blockchain (e.g., AAPLx corresponds to Apple, TSLAx corresponds to TSL), achieving the integration of traditional finance and the crypto ecosystem.

Its core mechanism is built on three main pillars:

• 1:1 Physical Asset Collateral: For every Token issued (such as CRCLx), the partner will purchase equivalent stocks in the traditional market and deposit them into a Swiss licensed bank custody account (such as InCore Bank), and will undergo regular on-chain audits.
• Fragmented investment: Supports small purchases with a minimum of 10 USD, significantly lowering the investment threshold for blue-chip stocks.
• Round-the-clock trading: Break through the traditional stock market time limits of 9:30 AM - 4:00 PM EST, achieving 24/7 trading with immediate response to significant market movements.

xStocks Token is issued based on ERC-20 and Solana SPL dual standards, allowing users to freely store and transfer in their crypto wallets, trade on exchanges like Gate, or even participate in staking and lending scenarios through DeFi protocols.

##CRCLX Behind the Company: Who is Circle?

CRCLX is a tokenized certificate of Circle Internet Financial (NYSE: CRCL), strictly tracking its stock price performance on NASDAQ. The core reason to pay attention to this company is:

• Stablecoin Dominance: As the core issuer of USDC, Circle is a key player in the crypto financial infrastructure. As of August 2025, the circulation of USDC reached $65.2 billion, growing by 90% over the year.
• Industry Benchmark: Circle's stock price is closely related to the health of the crypto industry, holding CRCLX is equivalent to gaining "exponential exposure" to the crypto ecosystem.
• Strong growth: The Q2 2025 financial report shows revenue of $658 million (exceeding expectations). Although there was a net loss of $482 million due to IPO costs, the stock price has increased by over 450% since its listing in June 2025.

On August 18, 2025, the trading price of CRCLX on Gate was approximately 149.64 USD, with a 24-hour trading volume exceeding 510,000 USD.

##Practical Guide: 4 Steps to Purchase CRCLX on Gate

Gate will launch the world's first tokenized stock spot and contract dual market on July 3, 2025, becoming the preferred platform for operating xStocks. The following is the specific operation process for purchasing CRCLX:

Step 1: Preliminary Preparation

• Visit Gate.com to complete account registration
• Deposit USDT into Gate 【Spot Account】 (supports multi-chain deposits) as the base currency for purchase.

Step 2: Enter the trading area

After logging in, click on the top 【Exchange】 → Select 【xStocks Spot Area】 or 【Alpha Spot Area】

Step 3: Search and Place Order

1. Enter the CRCLX/USDT trading pair in the search box.
2. Select order type:

• Market Order: Execute immediately at the best price
• Limit Order: Set your ideal buy price (e.g., $160) and wait for it to trigger.

3. Enter the purchase quantity (supports fractional shares, minimum $10)

Step 4: Confirm and manage assets

• After the transaction is completed, check the CRCLX balance and floating profit and loss on the 【Assets】 page.
• Optional operation: transfer CRCLX to a supported wallet to participate in DeFi applications.

Advanced Feature Tip: In the Gate xStocks contract market, you can use up to 10x leverage to long/short CRCLX, suitable for professional traders.

Why Choose Gate Exchange xStocks? Four Core Advantages

1. Borderless Experience: Buy global stocks with one click using USDT without a US stock broker account.

2. Innovation in Trading Mechanism

• 24/7 all-day trading
• On-chain second-level settlement (traditional finance requires T+2 days)
• Cross-chain free transfer.

3. Product depth is leading

• The world's first xStocks perpetual contract market
• The Alpha Zone provides institutional-level liquidity with slippage below 0.1%.

4. Transparent compliance guarantee: All Tokens are issued backed by 1:1 physical stocks, with the custodian being a licensed Swiss bank.

##Risk Warning: Be Aware of the Three Major Challenges

1. Equity Differences: Holding CRCLX does not grant shareholder voting rights, and dividends are indirectly reflected through token value adjustments (no cash dividends).

2. Regulatory uncertainty: The SEC has not yet recognized the legality of tokenized stocks, and policies in Switzerland and Singapore are still evolving.

3. Technical and Liquidity Risks

• Extreme market conditions may lead to a short-term price difference of 2%-5%
• Some tokens have insufficient on-chain liquidity (60% of trading volume is concentrated in the top 6 assets).

##Conclusion: On-Chain Entry to Financial Democratization

xStocks is not only a new product but also a key attempt to reconstruct the global asset flow paradigm. Through platforms like Gate, users can realize three major values with CRCLX:

• Hedge against cryptocurrency volatility: Incorporate stocks into the cryptocurrency asset portfolio
• Layout Growth Dividend: Invest small amounts of funds in core enterprises in sectors like Circle.
• Capture opportunities at all times: 7×24 hours of flexible trading to seize major market movements after hours.

With the daily trading volume surpassing 100 million USD, xStocks is driving crypto finance from "fringe experimentation" to "institutional integration." In the future, as more traditional assets are tokenized and brought onto the chain, a seamless experience of "one wallet, investing globally" will become the standard configuration for the new generation of investors.