Binance launches bStocks: Trade U.S. equities as tokens with instant 1:1 conversion

Binance launches bStocks: Trade U.S. equities as tokens with instant 1:1 conversion
Binance unveils bStocks tokenized equities

Binance announced the listing of bStock, a tokenized stock product, with trading now available for the BNCB/USDT pair. Users can access 24/7 spot trading and 1:1 conversion between bStocks and their underlying U.S. equities.

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Binance has launched bStocks, a product that offers tokenized exposure to U.S.-listed equities such as BNCB through BEP-20 tokens. Users can trade bStocks 24/7 against USDT on the Binance Spot market, with instant and fee-free conversion between bStocks and their underlying stocks at a 1:1 ratio. These tokens are issued by a Binance affiliate and are backed by real stocks held in custody, though investors hold certificates rather than direct shares; they do not receive ownership or voting rights in the underlying companies. Additional features include fractional investing with a low minimum threshold, the ability to withdraw bStocks to self-custody wallets, and integration with DeFi protocols for functions like lending and liquidity provision. The product is regulated under an approved prospectus and is not offered to users in certain jurisdictions, including the U.S.

Binance is a major cryptocurrency exchange based in Hong Kong, known for its high daily trading volumes, significant liquidity, and a wide user base. Key features include low commissions, high platform performance, and the use of a native BNB Coin for fee reduction, as well as security measures like a proprietary cold wallet. For more information about the platform’s features, advantages, and disadvantages, see the broker profile on Traders Union.

In our earlier news about Binance, we reported on the announcement of winners for the International Cat Day content contest, where ten participants received 100 USDC each. For more details, see the previous Binance update on Traders Union.

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