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Binance announced that its stocks platform has surpassed $400 million in assets under management, following the rollout of U.S. equities trading for eligible users and a preview of tokenized stock offerings.
Binance announced that its stocks platform has surpassed $400 million in assets under management. This milestone follows the launch of U.S. equities trading for eligible users via Nest Trading Limited, with access to over 7,000 U.S.-listed stocks and ETFs, zero-commission trading, and the ability to purchase fractional shares starting from $5.
The rollout also includes features such as 24/5 trading hours for certain equities, various funding options, and a planned securities lending program. Additionally, Binance previewed 'bStocks,' tokenized representations of U.S. stocks and ETFs designed to connect traditional securities with programmable, on-chain access and DeFi functionalities; these instruments are not available to U.S. persons and are subject to multiple risks and regulatory considerations.
Binance is one of the largest cryptocurrency exchanges globally, noted for its high daily turnover, platform liquidity, and significant number of active users. Key features include low trading commissions supported by high liquidity and trading volumes, proprietary technologies such as the BNB Coin and a cold wallet for asset storage, as well as a range of technical functionalities. Details about account procedures, verification, and other aspects can be found in the broker profile on Traders Union.
For more background on Binance’s recent activities, including its USD1 Simple Earn Flexible Products promotion offering up to 10.5% APR, see our previous Binance update on Traders Union.