Binance is becoming the biggest place for trading traditional stocks through crypto
according to @cryptoquant_com, @binance handled 80% of all stock perpetual trading on crypto exchanges in June, processing $53.8B in volume, around six times more than the next largest platform
the wider market is growing quickly too. The Block Research reported a record $11.6B in weekly stock derivatives trading during mid-June, showing that more traders are choosing 24/7 access to traditional markets through crypto platforms
Binance now offers access to more than 7,000 stocks and ETFs, has already reached $1B in equity assets under management, and lets users keep those holdings working as collateral instead of leaving them idle after market hours
from pre-IPO companies like SpaceX to public stocks and ETFs, more traders are managing both crypto and traditional market exposure in one place
it’s another sign that the gap between traditional finance and crypto continues to get smaller
#Binance #Virtualtraders