Secondary Trading
Secondary trading is the buying and selling of Channel Revenue Tokens (CRTs) on the GigaStar Secondary Market after the mandatory 12-month holding period has elapsed.
Understanding Secondary Trading
Secondary trading refers to the buying and selling of previously issued Channel Revenue Tokens (CRTs) between Investors on the GigaStar Secondary Market. Unlike primary market transactions where Investors purchase newly issued CRTs directly through GigaStar Market, secondary trading involves transactions between existing CRT holders and other Investors.
The GigaStar Secondary Market is operated by GigaStar Securities, a registered broker-dealer that runs an Alternative Trading System (ATS) specifically for CRT trading. This platform is launching in March 2026 and will provide a regulated venue for secondary CRT transactions.
Before CRTs can be traded on the secondary market, they must have cleared the mandatory 12-month holding period required under SEC Regulation Crowdfunding. This means that an Investor who purchases CRTs in a primary offering must wait at least 12 months before listing those tokens for sale on the Secondary Market.
In secondary trading, CRT prices are determined by market dynamics between buyers and sellers. An Investor listing CRTs for sale sets an ask price, while a prospective buyer submits a bid price. When bid and ask prices align, a trade is executed and settled through the platform. CRTs may trade at prices above, below, or equal to the original offering price depending on factors such as the Creator's current revenue performance, market sentiment, and supply and demand dynamics.
Investors should understand that secondary trading does not assure liquidity. There may be limited trading volume for specific CRTs, and finding a buyer or seller at a desired price is not assured. The secondary market provides an opportunity to potentially exit a CRT position earlier than holding indefinitely, but Investors should not rely on the ability to sell as a certainty.
Key Points to Remember
- Secondary Trading is regulated by the SEC under Regulation Crowdfunding
- All investments carry risk — past performance doesn't guarantee future results
- Review all offering documents carefully before investing
Related Terms
Alternative Trading System
An Alternative Trading System (ATS) is an SEC-registered trading venue. GigaStar Securities LLC, dba GigaStar Trading, will operate a digital Alternative Trading System (ATS) for secondary Channel Revenue Token (CRT) trading, launching in 2026.
Ask Price
The lowest price someone is willing to sell their CRT for.
Bid Price
The price a buyer is willing to pay for a CRT on the GigaStar Secondary Market. The highest current bid sets the market bid price for that token.
Channel Revenue Token (CRT)
A digital asset that represents a percentage of a YouTube channel’s future revenue. A CRT becomes tradable in the secondary market after a 12-month holding period from its initial purchase.
GigaStar Secondary Market
GigaStar Trading is GigaStar's upcoming SEC-registered Alternative Trading System (ATS), where CRT holders may buy and sell their positions, launching in 2026.
GigaStar Securities
GigaStar Securities LLC (dba GigaStar Trading), is an SEC-registered broker-dealer and FINRA/SIPC member that operates a secondary market Digital Alternative Trading System (ATS) for the trading of Creator securities (CRTs).
Holding Period
The mandatory 12-month period after purchasing CRTs during which they cannot be resold on the Secondary Market, as required by SEC regulations.
Liquidity
Liquidity is the ability to buy or sell CRTs. CRTs are illiquid during the 12-month holding period. GigaStar Trading may provide liquidity, but does not assure it.
Price Discovery
The process by which the GigaStar Secondary Market determines CRT pricing based on supply and demand dynamics, Creator performance metrics, and Investor sentiment.
Settlement
The process of completing a CRT trade on the GigaStar Secondary Market, including the transfer of token ownership from seller to buyer and the corresponding payment.
Frequently Asked Questions
What is the GigaStar secondary market?
The GigaStar secondary market platform, called GigaStar Trading, is an SEC-registered digital Alternative Trading System (ATS) that allows eligible investors to buy and sell previously issued Channel Revenue Tokens (CRTs) with other investors after the initial offering period and any applicable restricted period, subject to securities regulations and platform rules. (e.g., Reg CF = 12-month restricted holding period). This secondary market platform enables peer-to-peer trading of existing CRTs. Note that Investment offerings are speculative, illiquid, and involve a high degree of risk, including the risk of loss of your entire investment. Securities purchased in GigaStar Market must be held 12 months before trading in the secondary market. There is no guarantee of an active or liquid secondary market and investments are subject to market risk and will fluctuate in value. Past performance is not a guarantee of future results.
How is the secondary market different from GigaStar Market?
GigaStar Market (Primary Market) is an SEC-registered Funding Portal and member of FINRA that offers securities under a Regulation Crowdfunding (Reg CF) platform. This is the primary marketplace where Channel Revenue Tokens (CRTs) are first issued and sold directly to investors to fund a Creator. GigaStar Trading (Secondary Market) is an SEC-registered broker-dealer (BD) operating a digital Alternative Trading System (ATS) for the trading of Digital Asset Securities. This is a secondary market trading venue separate from the primary market, where eligible investors may buy and sell CRTs with one another. Primary offerings raise capital for Creators. Secondary trading allows existing investors to trade CRTs, transferring ownership, subject to market availability. NOTE: Investment offerings are speculative, illiquid, and involve a high degree of risk, including the risk of loss of your entire investment. Securities purchased in GigaStar Market must be held 12 months before trading in the secondary market. There is no guarantee of an active or liquid secondary market and investments are subject to market risk and will fluctuate in value. Past performance is not a guarantee of future results.
What assets can be traded?
Eligible Channel Revenue Tokens (CRTs) that were issued in primary offerings, have satisfied applicable holding requirements (12-month holding period from initial purchase) and meet platform eligibility standards can be traded on the GigaStar Trading platform.