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Gate expands stock trading and completes SpaceX SPCX share distribution

Gate expands stock trading and completes SpaceX SPCX share distribution

Crypto exchange Gate added web-based access to more than 10,000 U.S. stocks and ETFs, completed allocation and distribution for its first Direct IPO project SPCX, and launched new SPCX-linked promotions.

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Fact Check
The core expansion claims are strongly confirmed: Gate's official May 2026 Transparency Report and the official announcement (via Odaily and PANews) verify 605 CFD assets (largest among crypto exchanges) and USDT trading of over 10,000 US stocks/ETFs, with the stock web platform launching June 12, 2026. The 85% TradFi perpetuals market share for March 2026 is reported by CryptoBriefing citing CryptoQuant, and Gate's TradFi perp leadership is independently supported by CoinGecko and CoinMarketCap reports, though the precise 85% figure rests primarily on a single secondary source. All three quantitative components align with primary and corroborating sources.
Summary

Gate said it expanded its stock trading service to the web alongside its app, giving users access to more than 10,000 U.S. stocks and ETFs via USDT, including fractional shares from 0.01, 16×5 market hours across venues including NYSE and Nasdaq, and VIP fees starting at 0.023%. The company also said it completed the share distribution for SpaceX (SPCX), its first Direct IPO project, with allocated shares credited to users’ stock accounts and unallocated shares and remaining subscription funds automatically returned to users’ spot accounts. Gate said indicated subscriptions for SPCX exceeded $100 million and launched promotions tied to the rollout, while also introducing a web stock trading terminal. In its May 2026 transparency report, Gate said it had listed 605 CFD trading assets by the end of May. Separately, Crypto Briefing reported that Gate captured 85% of TradFi perpetuals market share with $295 billion in volume.

Terms & Concepts
  • Direct IPO: A public listing process in which shares are distributed through a direct listing mechanism rather than a traditional underwritten offering.
  • CFDs: Contracts for difference, derivatives that track asset prices without ownership.
  • TradFi perpetuals: Perpetual derivatives linked to traditional-finance assets that do not have a fixed expiry date.