Crypto Exchanges

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Illustration of SpaceX IPO issues with tokenized stocks, showing rocket and broken digital tokens on trading screens.
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SpaceX IPO exposes limits of tokenized stock access

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Crypto platforms faced allocation shortfalls during SpaceX's IPO last week, leading several exchanges to cancel tokenized offerings and issue refunds. The episode revealed differences between various tokenized products and their ability to deliver actual shares.

Morgan Stanley’s cryptocurrency trading pilot is emerging as a competitive rival to some of the largest crypto exchanges in terms of trading fees.

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