Bybit adds three NASDAQ stocks to its TradFi platform

Bybit announced the listing of three NASDAQ-traded stocks on its traditional finance platform: SharpLink Gaming Ltd. (NASDAQ: SBET), CleanSpark Inc. (NASDAQ: CLSK), and Bitfarms Ltd. (NASDAQ: BITF).

The cryptocurrency exchange said the new listings expand its offerings at the intersection of traditional finance and digital assets. Users can now trade these equities through Bybit's TradFi platform.

According to the press release, media reports indicate that SBET has acquired approximately 74,656 ETH, valued at around $213 million, positioning it among institutional holders of Ethereum. The company stated that over 99.7% of SBET's ETH holdings are deployed in staking or re-staking strategies to generate yield since early June.

Bybit noted that these figures have not been officially confirmed through regulatory filings. The exchange described SBET's reported Ethereum allocation as demonstrating how traditional companies are exploring digital assets as part of their corporate strategies.

The Dubai-based exchange describes itself as the world's second-largest cryptocurrency exchange by trading volume, serving over 70 million users globally. Founded in 2018, Bybit operates across cryptocurrency trading and Web3 services.

The three newly listed stocks are now accessible to Bybit users through the platform's TradFi section, according to the company's announcement.

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