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Binance announced the launch of bStocks, tokenized U.S. equities on the BNB Chain that allow users to access traditional stocks or on-chain versions that are backed 1:1 and can be traded 24/7 with zero conversion fees.
Binance has announced the introduction of 'bStocks,' which are tokenized U.S. equities issued as BEP-20 tokens on the BNB Chain. Each bStock token is backed 1:1 by a share held with a regulated custodian, enabling users to convert between traditional stocks and these on-chain tokens with zero conversion fees and a minimum investment of $5.
Trading is available around the clock, and users can withdraw bStocks to compatible self-custody wallets and use them in DeFi protocols, while still being eligible to receive dividends on the underlying equities. The initial rollout supports stocks such as Circle, Micron, NVIDIA, SanDisk, and Tesla, with additional listings planned; Binance has also provided a proof of collateral page for transparency.
Binance is one of the largest cryptocurrency exchanges, known for its high daily trading volume, liquidity, and a proprietary BNB Coin used within its ecosystem. Key features include low commissions driven by large trading volumes, a proprietary cold wallet for asset storage, and a range of trading indicators. More information about Binance’s features and user considerations, including its commission structure and security practices, can be found in the broker profile on Traders Union: full review on Traders Union.
For additional background, see our earlier news about Binance’s mobile app redesign, which streamlined trading functions for users—read the previous Binance update on Traders Union here.