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Binance launches instant, zero-fee bStocks to stock conversion feature
Binance announced a feature allowing users to convert between tokenized U.S. stocks (bStocks) and their underlying equities at no cost, with instant, bidirectional transactions available at any time.
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Binance has introduced a feature that allows users to convert between tokenized U.S. stocks (bStocks) and their underlying equities instantly and without fees. According to the announcement, this process is available around the clock, every day of the week, and removes the typical two-step conversion found on other platforms by enabling direct, bidirectional exchange.
Each bStock is said to be backed 1:1 by an actual share held with a regulated custodian, with collateral verifiable through Binance’s Proof of Collateral page. The information also highlights that 44% of bStocks trading volume occurs outside U.S. market hours, illustrating usage of the platform's 24/7 functionality.
Binance is recognized as one of the largest cryptocurrency exchanges, notable for its high trading volumes, liquidity, and large user base. The platform features its own native BNB Coin for internal transactions, low commissions, and offers security measures such as a proprietary cold wallet, but it has a complex verification process and is not licensed by a regulator. For more details, see the broker profile on Traders Union.
For more context, see our earlier news about Binance's adoption of Proof of Reserves, which explains how transparency practices like reserve attestations have become industry standards among major crypto exchanges. Read the full story in our previous Binance update on Traders Union.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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