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Binance has announced the launch of Direct Stocks, a service enabling eligible non-U.S. users to trade over 7,000 U.S. stocks and ETFs through its platform, with features such as commission-free trading, fractional shares starting at $5, and funding via cryptocurrencies and stablecoins. The broker also previewed plans to introduce tokenized securities called bStocks, subject to regulatory approval.
According to Binance, the newly launched Direct Stocks service allows eligible users outside the U.S. to trade more than 7,000 U.S.-listed stocks and ETFs directly through its platform. The broker details that trades are commission-free, fractional shares can be purchased from $5, and funding is available via a range of cryptocurrencies and stablecoins, with direct legal ownership of equities provided through a U.S.-regulated clearing broker. The offering also includes support for extended trading hours and enables users to receive dividends and take part in corporate actions. Binance further indicated upcoming plans to introduce bStocks, or tokenized securities, subject to regulatory approval, and noted users should review associated risks and regulatory disclosures.
Binance is known as one of the largest cryptocurrency exchanges, offering high trading volumes, strong platform performance, and a proprietary BNB Coin that can reduce trading commissions. Security of assets is supported through a proprietary cold wallet, while users should be aware of factors such as a complex verification process, lack of regulator licensing, and reported technical issues. For more details, see the broker profile on Traders Union.
For context, Binance recently revised its trading fee structure by removing maker fees and reducing taker fees for various user levels. To learn more about this change, see the earlier news about Binance on Traders Union here.