What is bStocks? Wall Street closes at 4pm ET and goes to sleep. Binance doesn't. That's basically the whole pitch in one sentence.
I actually read the fine print instead of skimming the announcement, and here's the part most threads skip: bStocks aren't shares. They're certificates issued by BTech Holdings, backed 1:1 by the real underlying stock. You get the price exposure, but no voting rights, no shareholder perks. What you do get is free, instant, two-way conversion between the regular stock and its bStock version, anytime, and since they run on BNB Chain as BEP-20 tokens, you can pull them into your own wallet and use them in DeFi.
Not the same product as opening a brokerage account. Different trade-off, worth understanding before you touch it. #bStocksCIS @BinanceCIS
I actually read the fine print instead of skimming the announcement, and here's the part most threads skip: bStocks aren't shares. They're certificates issued by BTech Holdings, backed 1:1 by the real underlying stock. You get the price exposure, but no voting rights, no shareholder perks. What you do get is free, instant, two-way conversion between the regular stock and its bStock version, anytime, and since they run on BNB Chain as BEP-20 tokens, you can pull them into your own wallet and use them in DeFi.
Not the same product as opening a brokerage account. Different trade-off, worth understanding before you touch it. #bStocksCIS @BinanceCIS