Crypto exchanges & platforms on-chain, compared

10 stocks in crypto exchanges & platforms exist on-chain: 27 tokens from 7 issuers, plus 2 Hyperliquid perps. 7 of them in more than one form — open one to see every way in side by side: issuer, legal wrapper, holder rights, chain and cost.

Coinbase · COIN

7 tokens + 1 perp

Backed / Kraken (xStocks) · Backed Finance · Ondo Global Markets (BVI) · bStocks · ST0x +2

Circle · CRCL

5 tokens + 1 perp

Ondo Global Markets (BVI) · bStocks · Dinari · Anchored Finance (aStock) · Backed / Kraken (xStocks)

Bitgo · BTGO

3 tokens

Ondo Global Markets (BVI) · Dinari · Backed / Kraken (xStocks)

Galaxy Digital · GLXY

3 tokens

Ondo Global Markets (BVI) · Dinari · Backed / Kraken (xStocks)

Bullish · BLSH

2 tokens

Dinari · Ondo Global Markets (BVI)

Exodus Movement · EXOD

2 tokens

Ondo Global Markets (BVI) · Dinari

Gemini Space Station · GEMI

2 tokens

Ondo Global Markets (BVI) · Dinari

Only one token so far

One issuer each — nothing to compare yet, but on-chain all the same.

Amber

AMBRx · Backed / Kraken (xStocks)

Bakkt, Inc.

BKKT · Dinari

Fold Holdings, Inc. Class A

FLD · Dinari

Elsewhere in crypto

Bitcoin miners · 11 Crypto-treasury companies · 15

How the industry is decided

For US-listed companies the starting point is the industry code the company files with the SEC (SIC). Where that code misleads — SIC files most Bitcoin miners under “finance services” and Visa next to Alibaba — it is corrected by hand, with the reason recorded. Funds and non-US listings are assigned by hand from the fund name and the venue’s own description.

This page: 0 by SEC SIC code · 10 SIC corrected by hand · 0 assigned by hand.

Tokens and perps are not the shares: most tokens are claims on an issuer, perps give price exposure without ownership. Who may buy is set by each issuer. Not investment advice.