COINX is a tokenized stock representing shares of Coinbase (NASDAQ: COIN), launched on June 30, 2025, through a collaboration between cryptocurrency exchange Bybit and Swiss fintech firm Backed Finance. As part of the xStocks Alliance, COINX bridges traditional financial assets with blockchain technology, offering a new way for users to gain exposure to U.S. equities in a decentralized, on-chain environment.

Each COINX token is backed 1:1 by an actual Coinbase share, ensuring transparency and real-world asset support. It enables 24/7 trading on Bybit’s Spot platform, breaking free from the time limitations of traditional stock markets. Investors can also purchase fractional units of COINX, lowering the investment threshold. The token is compatible with Bybit’s Spot, Convert, and Savings features, and can be accessed via the Solana blockchain. Furthermore, COINX integrates with DeFi protocols such as Kamino, Raydium, and Jupiter, and may be used in decentralized applications for lending, borrowing, and liquidity provisioning.