CEX Crypto Stock Products: A Comprehensive Overview

The real signal here is not that centralized exchanges are adding equities, but that stock perpetual futures — a synthetic, crypto-native wrapper — are where volume actually scaled, far outpacing tokenized or brokerage-style offerings. That distinction matters for RWA watchers: demand appears to be for leveraged, 24/7 exposure rather than for on-chain claims on real shares. It also concentrates TradFi-RWA activity inside venues that regulators already scrutinize. Whether perpetuals remain the dominant format, or tokenized stocks close the gap, is the open question worth tracking.