水哥LBD
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水哥LBD
勇于尝试新鲜事物！
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People keep asking whether bStocks liquidity is good—this question is backwards.
On Binance, stocks are two different products for two different scenarios:
Stocks: 7,000+ assets directly connected to the underlying markets. During opening hours, you need depth with depth.
bStocks: 7×24, nonstop trading. You can still trade after the market closes, and even deposit into DeFi for lending and LP.
The two products can be converted 1:1 for free. Use Stocks during the day to take advantage of underlying depth, then after the market closes switch to bStocks to keep trading—one pot of money works on both ends.
Data from the first half month after launch also validates this logic:
47% of trading volume happens outside US stock market hours
Turnover rate is 4 to 21 times that of underlying stocks
Over 80% is fragmented trading, starting from a $5 investment
bStocks doesn’t need to compete with Stocks for depth during opening hours—it covers the 135 hours after the market closes.
When used together, one pot of money covers trading around the clock.
On Binance, stocks are two different products for two different scenarios:
Stocks: 7,000+ assets directly connected to the underlying markets. During opening hours, you need depth with depth.
bStocks: 7×24, nonstop trading. You can still trade after the market closes, and even deposit into DeFi for lending and LP.
The two products can be converted 1:1 for free. Use Stocks during the day to take advantage of underlying depth, then after the market closes switch to bStocks to keep trading—one pot of money works on both ends.
Data from the first half month after launch also validates this logic:
47% of trading volume happens outside US stock market hours
Turnover rate is 4 to 21 times that of underlying stocks
Over 80% is fragmented trading, starting from a $5 investment
bStocks doesn’t need to compete with Stocks for depth during opening hours—it covers the 135 hours after the market closes.
When used together, one pot of money covers trading around the clock.
Verified
Two Hong Kong stocks are listed on Binance as futures contracts. Some people are curious: Hong Kong stocks are settled in Hong Kong dollars, and Binance uses USDT—why do the prices you display match Hong Kong stock prices? Did Binance have a bug?
Actually, this is Binance’s newly launched 【Hong Kong Stock Tracking Perpetual Futures】. It’s not Hong Kong stocks themselves—it's a derivative.
- Price source: Refer to the Hong Kong dollar stock prices on the Hong Kong Exchange (HKEX)
- You trade only with USDT: the opening margin and your profits are all in USDT, so you don’t need to hold HKD.
To help you understand the difference compared to the regular mode:
- Regular mode: 380 HKD—needs to be converted into USD using the real-time exchange rate. If the HKD depreciates, you’ll take additional losses due to FX rate changes;
- This Quanto contract: isolates FX risk—you only care about the stock price movements themselves; exchange rate fluctuations have nothing to do with you.
Actually, this is Binance’s newly launched 【Hong Kong Stock Tracking Perpetual Futures】. It’s not Hong Kong stocks themselves—it's a derivative.
- Price source: Refer to the Hong Kong dollar stock prices on the Hong Kong Exchange (HKEX)
- You trade only with USDT: the opening margin and your profits are all in USDT, so you don’t need to hold HKD.
To help you understand the difference compared to the regular mode:
- Regular mode: 380 HKD—needs to be converted into USD using the real-time exchange rate. If the HKD depreciates, you’ll take additional losses due to FX rate changes;
- This Quanto contract: isolates FX risk—you only care about the stock price movements themselves; exchange rate fluctuations have nothing to do with you.
Verified
SK Hynix to IPO in the US today! $26.5 billion sets a record for foreign companies; Binance Stocks also opens ADR spot trading
💰 Binance Stocks has opened SK Hynix ADR spot trading:
• From today 17:05, trading begins under temporary code SKHYV (limit orders + whole shares)
• From July 13 at 21:30, it switches to SKHY for regular trading (supports fractional shares + market orders)
• Each ADR = 1/10 of a common share in Korea; hold real ADR directly
• $0 commission; invest from $5; buy directly with USDC/BNB/USDT
• Limited-time fee discount until end of August: platform fee 0.17% for small orders, and 0.05% spread for large orders
📊 Why it’s worth paying attention to:
🔥 Q1 operating profit margin of 72%, outpacing Nvidia (65.6%) and TSMC (58.1%)
🔥 58% global share in HBM; six or seven out of ten of Nvidia’s AI chips rely on it for supply
🔥 Forward P/E is only 5.5x; even Micron is at 6.66x
🔥 Net cash on hand of 350 trillion KRW; IPO received over 7x oversubscribed demand
⚠️ Notes:
• Pre-IPO trading today is limited to limit orders + whole shares, within the 17:05–04:00 window
• ADR holders must pay depository bank fees (0.01–0.03/share/year)
• Shares are custodied by AlpacaSecurities; not directly custodied by Binance
• Positions below $5 and no trading for 120 days may be forcibly liquidated
• Storage-chip industry is a strong cyclical sector; it’s currently at the peak of cycle profitability, so chasing prices requires caution
💰 Binance Stocks has opened SK Hynix ADR spot trading:
• From today 17:05, trading begins under temporary code SKHYV (limit orders + whole shares)
• From July 13 at 21:30, it switches to SKHY for regular trading (supports fractional shares + market orders)
• Each ADR = 1/10 of a common share in Korea; hold real ADR directly
• $0 commission; invest from $5; buy directly with USDC/BNB/USDT
• Limited-time fee discount until end of August: platform fee 0.17% for small orders, and 0.05% spread for large orders
📊 Why it’s worth paying attention to:
🔥 Q1 operating profit margin of 72%, outpacing Nvidia (65.6%) and TSMC (58.1%)
🔥 58% global share in HBM; six or seven out of ten of Nvidia’s AI chips rely on it for supply
🔥 Forward P/E is only 5.5x; even Micron is at 6.66x
🔥 Net cash on hand of 350 trillion KRW; IPO received over 7x oversubscribed demand
⚠️ Notes:
• Pre-IPO trading today is limited to limit orders + whole shares, within the 17:05–04:00 window
• ADR holders must pay depository bank fees (0.01–0.03/share/year)
• Shares are custodied by AlpacaSecurities; not directly custodied by Binance
• Positions below $5 and no trading for 120 days may be forcibly liquidated
• Storage-chip industry is a strong cyclical sector; it’s currently at the peak of cycle profitability, so chasing prices requires caution
Share your BNTI in Moments and win limited edition merchandise!
Have you tested your BNTI yet? 👀
BNTI test link: https://www.binance.com/zh-CN/ti-market-activity/bnti
💥#Binance community is adding more, share your photos in Moments to get likes and win:
👔 30 likes → Canvas bag / Mug / T-shirt (limited to 50)
🃏 50 likes → Dou Dizhu set / Silk pajamas (choose one, limited to 30)
🀄️ 100 likes → Heavyweight Texas Hold'em / Mahjong (choose one, limited to 5)
Post in Moments to collect likes, screenshot and upload the form: https://forms.gle/AzaH55AnLDjkVT2K7
Limited stock, first come first served!
Have you tested your BNTI yet? 👀
BNTI test link: https://www.binance.com/zh-CN/ti-market-activity/bnti
💥#Binance community is adding more, share your photos in Moments to get likes and win:
👔 30 likes → Canvas bag / Mug / T-shirt (limited to 50)
🃏 50 likes → Dou Dizhu set / Silk pajamas (choose one, limited to 30)
🀄️ 100 likes → Heavyweight Texas Hold'em / Mahjong (choose one, limited to 5)
Post in Moments to collect likes, screenshot and upload the form: https://forms.gle/AzaH55AnLDjkVT2K7
Limited stock, first come first served!
The strong remain strong; no matter how the market fluctuates or how things are stirred up outside, Binance always maintains its top position.
$152.9 billion - what does that mean?
It's higher than the GDP of many countries!
It's more than what most traditional financial institutions manage!
This is no longer just an exchange,
it's the ballast of the entire industry.
With the ballast steady, the ship will not capsize,
I hope Binance continues to remain steady!
$BNB
$BTC
$ETH
$152.9 billion - what does that mean?
It's higher than the GDP of many countries!
It's more than what most traditional financial institutions manage!
This is no longer just an exchange,
it's the ballast of the entire industry.
With the ballast steady, the ship will not capsize,
I hope Binance continues to remain steady!
$BNB
$BTC
$ETH
Odaily星球日报
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CoinGlass: 2026 Q1 Cryptocurrency Market Share Research Report
Original Source: CoinGlass
1. Summary and Key Findings
In the first quarter of 2026, the cryptocurrency market remained quite active overall, but trading volumes gradually declined from the high levels in January. The total market spot trading was approximately $1.94 trillion for Q1, with derivatives trading around $18.63 trillion, totaling about $20.57 trillion, and the ratio of derivatives to spot trading was about 9.6 times. Structurally, market activity was still mainly concentrated in the derivatives market, with a relatively larger contraction in spot trading.
In core metrics, Binance continues to maintain its industry leadership. The derivatives trading volume was approximately $4.90 trillion, corresponding to a market share of about 34.9% among the Top 10 exchanges; the average daily open interest was about $23.9 billion, corresponding to a market share of about 29.9%; user asset accumulation was approximately $152.9 billion, accounting for about 73.5% under major CEX metrics. Compared to the second place, Binance's derivatives trading volume is about 2.2 times that of OKX, average open interest is about 2.2 times that of Bybit, and user asset scale is about 9.6 times that of OKX. The data reflects that Binance's leadership is not concentrated in a single dimension, but is simultaneously reflected in trading, open interest, liquidity, and capital retention across four areas.
1. Summary and Key Findings
In the first quarter of 2026, the cryptocurrency market remained quite active overall, but trading volumes gradually declined from the high levels in January. The total market spot trading was approximately $1.94 trillion for Q1, with derivatives trading around $18.63 trillion, totaling about $20.57 trillion, and the ratio of derivatives to spot trading was about 9.6 times. Structurally, market activity was still mainly concentrated in the derivatives market, with a relatively larger contraction in spot trading.
In core metrics, Binance continues to maintain its industry leadership. The derivatives trading volume was approximately $4.90 trillion, corresponding to a market share of about 34.9% among the Top 10 exchanges; the average daily open interest was about $23.9 billion, corresponding to a market share of about 29.9%; user asset accumulation was approximately $152.9 billion, accounting for about 73.5% under major CEX metrics. Compared to the second place, Binance's derivatives trading volume is about 2.2 times that of OKX, average open interest is about 2.2 times that of Bybit, and user asset scale is about 9.6 times that of OKX. The data reflects that Binance's leadership is not concentrated in a single dimension, but is simultaneously reflected in trading, open interest, liquidity, and capital retention across four areas.
“I am listening to the audio live broadcast at Binance Square“🦞【Web4 Narrative Deconstruction: The Real Value of Agent Economy and OpenClaw】Special Guests: @Zoh哥 ZOHAN @Cryptoxiao”, listen with me here: ”
https://app.binance.com/uni-qr/cspa/37181469969274?r=1035770830&l=zh-CN&uc=app_square_share_link&us=copylink
https://app.binance.com/uni-qr/cspa/37181469969274?r=1035770830&l=zh-CN&uc=app_square_share_link&us=copylink
“I am listening to the voice live broadcast at Binance Square“🎙️ 【Beginner's Classroom•2025 Trading Review: Share Your Trading Stories·Classroom Growth Companion Online Breakdown Trading System, Helping You Avoid Detours
”--Special Guest: Classroom Growth Companion,” join me here to listen: ”
https://app.binance.com/uni-qr/cspa/34089955342274?r=1035770830&l=zh-CN&uc=app_square_share_link&us=copylink
”--Special Guest: Classroom Growth Companion,” join me here to listen: ”
https://app.binance.com/uni-qr/cspa/34089955342274?r=1035770830&l=zh-CN&uc=app_square_share_link&us=copylink
🎉 #Binance accompanies you on Double Eleven community benefits delivered to your home 🎉
币安中文社区
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🎉 #币安 will accompany you for Double Eleven, community benefits delivered to your home 🎉
🚀 Follow @币安中文社区 and @新手学堂天使自治社区 , leave any feedback on Binance products in this comment area, as long as there are two consecutive digits '1' in your UID, you have a chance to win:
🎁 100 USDT * 10 people
📅 Event time: November 11 - November 30
*Winning users will receive a notification from the Square Assistant within 5 working days after the event ends
🚀 Follow @币安中文社区 and @新手学堂天使自治社区 , leave any feedback on Binance products in this comment area, as long as there are two consecutive digits '1' in your UID, you have a chance to win:
🎁 100 USDT * 10 people
📅 Event time: November 11 - November 30
*Winning users will receive a notification from the Square Assistant within 5 working days after the event ends
Like overseas friends 😂
新手学堂天使自治社区
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If you are a friend from overseas and want to learn Chinese, you can also come to Binance Academy. If you don’t understand, please comment and we will teach you.
If overseas friends want to learn Chinese, you can also come to Binance Academy. If you don’t understand, comment and we will teach you😄
Friends, let love be passed on, share it🤩
@CZ @Yi He
If overseas friends want to learn Chinese, you can also come to Binance Academy. If you don’t understand, comment and we will teach you😄
Friends, let love be passed on, share it🤩
@CZ @Yi He
$BNB Are you that super lucky Koi?!
Binance Announcement
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Find the Super Koi: Participate in the 8th Anniversary Challenge and enjoy a million-dollar grand prize!
This is a general announcement; the products and services mentioned here may not be applicable to your location.
Dear users:
Is your luck full? Join the Binance 8th Anniversary [挑战赛](https://www.%suffixOrigin%/%locale%/activity/challenge-competition/BN11149296301217880705?utm_source=anns) now, complete tasks for a chance to become the only Super Koi, exclusive winner of the million-dollar grand prize! Additionally, the more challenge attempts you have, the greater your chances, with more Koi positions waiting for you to claim!
Event Period: July 14, 2025, 08:08 to July 22, 2025, 07:59 (UTC+8)
How to participate:
Step 1: Eligible users who visit the [活动页面](https://www.%suffixOrigin%/%locale%/activity/challenge-competition/BN11149296301217880705?utm_source=anns) for the first time can automatically receive 3 challenge attempts.
Dear users:
Is your luck full? Join the Binance 8th Anniversary [挑战赛](https://www.%suffixOrigin%/%locale%/activity/challenge-competition/BN11149296301217880705?utm_source=anns) now, complete tasks for a chance to become the only Super Koi, exclusive winner of the million-dollar grand prize! Additionally, the more challenge attempts you have, the greater your chances, with more Koi positions waiting for you to claim!
Event Period: July 14, 2025, 08:08 to July 22, 2025, 07:59 (UTC+8)
How to participate:
Step 1: Eligible users who visit the [活动页面](https://www.%suffixOrigin%/%locale%/activity/challenge-competition/BN11149296301217880705?utm_source=anns) for the first time can automatically receive 3 challenge attempts.
Happy 8th Anniversary!
币安中文社区
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🎉 #币安 's Eighth Anniversary July Birthday Party, Join the Fun and Win Prizes 🎉
🚀 Follow @币安中文社区 and @新手学堂天使自治社区 , leave your birthday wish in this comment section for a chance to win:
1️⃣ 100 USDT * 10 people
2️⃣ Binance Eighth Anniversary Limited Edition Gift Box * 3 people
📅 Event Date: July 10 - July 31
👇 Is your birthday in July just like Binance? Come make a wish～
*Winning users will be notified by the Square Secretary within 5 working days after the event ends.
🚀 Follow @币安中文社区 and @新手学堂天使自治社区 , leave your birthday wish in this comment section for a chance to win:
1️⃣ 100 USDT * 10 people
2️⃣ Binance Eighth Anniversary Limited Edition Gift Box * 3 people
📅 Event Date: July 10 - July 31
👇 Is your birthday in July just like Binance? Come make a wish～
*Winning users will be notified by the Square Secretary within 5 working days after the event ends.
Am I the first?
币安中文社区
·
--
🎉 #币安 's Eighth Anniversary July Birthday Party, Join the Fun and Win Prizes 🎉
🚀 Follow @币安中文社区 and @新手学堂天使自治社区 , leave your birthday wish in this comment section for a chance to win:
1️⃣ 100 USDT * 10 people
2️⃣ Binance Eighth Anniversary Limited Edition Gift Box * 3 people
📅 Event Date: July 10 - July 31
👇 Is your birthday in July just like Binance? Come make a wish～
*Winning users will be notified by the Square Secretary within 5 working days after the event ends.
🚀 Follow @币安中文社区 and @新手学堂天使自治社区 , leave your birthday wish in this comment section for a chance to win:
1️⃣ 100 USDT * 10 people
2️⃣ Binance Eighth Anniversary Limited Edition Gift Box * 3 people
📅 Event Date: July 10 - July 31
👇 Is your birthday in July just like Binance? Come make a wish～
*Winning users will be notified by the Square Secretary within 5 working days after the event ends.
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