PowerTrade, the leading altcoin options exchange, together with its decentralized counterpart PowerDEX, announced the upcoming launch of the world's first options trading on tokenized stocks ("xStocks"). Launching next week, this first-of-its-kind offering will debut with options on TSLAx and HOODx – tokenized representations of Tesla, Inc. and Robinhood Markets, Inc. 

By introducing options on xStocks, PowerTrade is pioneering a deeper fusion of traditional stock and crypto markets. Traders will be able to hedge, speculate, and generate income on tokenized stocks just as they do with crypto options or traditional stock options. All xStocks option contracts will trade 24/7 alongside their underlying token markets with settlements in USD Coin (USDC). Clients can trade seamlessly using USDC, BTC, ETH and other supported crypto assets as margin collateral.