COINTELEGRAPH · 2026-11-09 17:41 UTC

Avalanche's AVAX leads crypto gains following NYSE tokenization deal

AVAX jumped as much as 10% on Monday, the top gainer among the 100 largest cryptocurrencies, and later traded at $8.86, up over 8% on the day, with a market cap of around $3.95 billion. The New York Stock Exchange will use Avalanche's blockchain to record and settle trades on a planned platform for trading tokenized stocks around the clock, with launch possible before the end of 2026 pending regulatory approval. The NYSE first announced the platform in January and spent about a year testing Avalanche before confirming the choice on Monday.

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