Wu Blockchain English: Binance Enters U.S. Stock Trading, Plans bStocks Tokenized Equities According to Fortune,...

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Binance Enters U.S. Stock Trading, Plans bStocks Tokenized Equities

According to Fortune, Binance will allow non-U.S. users to trade more than 7,000 U.S. stocks and ETFs with zero commissions and fractional shares starting at $5. Users can purchase equities using USDT, USDC, BNB and selected cryptocurrencies, with Nest Trading providing brokerage services and Alpaca handling custody, dividends and corporate actions. Binance also plans to launch tokenized stocks, known as bStocks, in the coming weeks, allowing users to convert eligible equities into on-chain assets on BNB Chain as part of its broader push to become a “multi-asset financial super app.”

Binance disclosed additional details of its new U.S. stock trading service, including 24/5 trading, zero commissions, and a minimum platform fee of $0.35 per order, or 10 bps for orders above $350. The exchange also stated that its upcoming bStocks product will represent financial instruments rather than direct ownership of the underlying shares. In addition, Binance will launch Fully Paid Securities Lending (FPSL) on June 4, allowing users to lend fully paid eligible securities and earn additional yield. — link