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Binance announced the listing of new bStock trading pairs, enabling users to access tokenized versions of selected U.S. equities for 24/7 trading and instant 1:1 exchange with the underlying shares.
Binance has introduced new bStock trading pairs, offering users access to tokenized representations of select U.S. equities as BEP-20 tokens on the BNB Chain. According to the announcement, each bStock is fully backed 1:1 by a corresponding U.S. share held with a regulated custodian, with conversion between actual stocks and bStocks available at a 1:1 ratio and with no conversion fees.
The listing enables 24/7 trading with instant settlement and fractional investment options starting from as little as $5. Additional features include self-custody support, the ability to use bStocks across various DeFi protocols, and automated processing of corporate actions. Regulatory information notes that bStocks are issued as certificates representing financial instruments and do not provide direct ownership or issuer affiliation.
Binance is a cryptocurrency exchange headquartered in Hong Kong, recognized for its high platform performance, large daily trading volumes, and a proprietary BNB Coin that can be used to reduce trading commissions. The exchange supports storage of crypto assets via a proprietary cold wallet, but users should note its complex verification process, lack of regulatory licensing, and an intricate commission structure. For more details, see the broker profile on Traders Union: full review on Traders Union.
For more on Binance’s recent promotions, see our earlier news about the broker’s FPSL HODL Leaderboard rewards, where participants could earn up to 388 USDC based on their ranking. Read the details in the previous Binance update on Traders Union.