As Tokenized Stocks transactions are routed through CoWSwap, fees work differently than in normal crypto swaps:
-
Approval fee (one-time):
The first time you trade a new Tokenized Stock, you’ll pay a small network fee to approve it on the DEX (CoWSwap):
ETH if you’re trading on Ethereum
BNB if you’re trading on BNB Chain
-
After approval:
All future trades for that same Tokenized Stock start with an off-chain transaction, so you won’t need to pay additional network gas fees for approvals.
-
Trade fees:
Any trading fee is charged in your input token (for example, USDT if you’re swapping USDT → AAPL).
You don’t need extra ETH or BNB to cover gas when making trades.