Bybit launched on October 12, 2026, the US stock trading service supported by USDC. This service allows eligible users outside of the United States to trade over 1,000 stocks listed in the US and ETF. The service arranges actual stock purchases through brokers, rather than providing another type of tokenized stock product.
Key Points
- Alpaca Securities LLC holds stocks and executes orders.
- The minimum purchase amount for fractional shares is 5 USDC.
- The "zero commission" promotion does not include any separate service fees.
- Stocks cannot be transferred on-chain, nor can they be used for DeFi.
According to The Defiant, customers can obtain economic benefits from the underlying securities, including supported dividends and corporate actions. Shareholder voting rights will not be available upon launch; the voting function is planned to be introduced in subsequent stages.
How does the USDC US stock trading of Bybit operate?
Customers use USDC to provide funds for purchases through a unified trading account. Stock orders are priced and settled at the account level using USDC, while the settlement of the underlying securities is handled by Alpaca.
The tradable securities listed in the press release for Bybit include Apple, NVIDIA, Tesla, Micron Technology, and Invesco QQQ. Users can manage eligible stock and cryptocurrency positions within the exchange ecosystem.
This service does not support on-chain transfers or DeFi usage. It is different from the xStocks product that was launched earlier with Bybit and Kraken; the latter is a token supported by stocks, allowing for on-chain withdrawals, but it does not grant the holder direct equity ownership.
The supported securities can be traded throughout the day on weekdays, including the night session, but are subject to holiday restrictions and product availability limitations. Market orders are executed only during the regular trading hours in the United States; orders placed outside of these hours will be processed when the next U.S. stock market opens.
Alpaca holds stocks and is responsible for execution.
Alpaca Securities LLC is responsible for executing orders and providing securities clearing, settlement, and custody services. What customers receive are the economic rights and interests of the lottery tickets they purchase, rather than derivatives or synthetic exposures.
According to the press release, Alpaca operates under the name of Alpaca Clearing and is a member of FINRA and SIPC. The corporate actions supported include dividends and stock splits, although some of these actions will be restricted in the initial stages of launch.
Regulated Brokers in Mauritius and Regional Restrictions
The service is operated by Infra Capital Limited, which operates as an introducing broker and holds license number GB23202169 issued by the Mauritius Financial Services Commission.
Users must complete advanced identity verification and reside in permitted jurisdictions to use it. Prohibited regions include the European Economic Area, India, Mauritius, and the United Arab Emirates; in addition, broader restrictions at the exchange level exclude regions such as the United States, mainland China, Hong Kong, Singapore, and Canada.
Service fees, purchase of fractional shares, and dividends
Despite claiming to have zero commissions, Bybit charges a service fee of 0.1% on the value of executed orders for the USDC US stock trading pair, with a minimum charge of 0.35 USDC per transaction. The minimum amount for purchasing fractional shares that qualify for this fee is 5 USDC.
Cash dividends will be converted from US dollars to USDC and credited after applicable withholding taxes are deducted. Stock dividends will increase the customer's holdings, while stock splits will adjust their position according to the company's actions.
This article was generated with the assistance of artificial intelligence and has been reviewed by an editorial team.
