I thought that if Binance operates in my country, then bStocks should be available too.
When I first saw bStocks, the logic seemed obvious:
Binance → Spot exists → therefore, you can buy bStocks.
But it turned out that’s not the case.
Binance explicitly states that bStocks are not available in all jurisdictions, and access to the product depends on whether the user meets the requirements of a specific market. For U.S. persons, bStocks are directly unavailable.
At first, this seemed strange to me.
After all, the bStock itself already exists as a token on the blockchain. Technically, it can be seen on-chain, but that doesn’t mean any user is entitled to buy or trade it.
The reason is that bStock isn’t just a regular crypto token. Binance describes it as a tokenized financial instrument / certificate, so access depends not only on the technology, but also on regulatory rules and the user’s eligibility.
So now I wouldn’t draw the conclusion:
“Binance operates in my country → bStocks are definitely available.”
I would check the bStocks eligibility specifically for my jurisdiction.
I liked this nuance: the blockchain shows that the token exists, but it doesn’t automatically determine who is allowed to use the financial product itself.#bstockscis @BinanceCIS
When I first saw bStocks, the logic seemed obvious:
Binance → Spot exists → therefore, you can buy bStocks.
But it turned out that’s not the case.
Binance explicitly states that bStocks are not available in all jurisdictions, and access to the product depends on whether the user meets the requirements of a specific market. For U.S. persons, bStocks are directly unavailable.
At first, this seemed strange to me.
After all, the bStock itself already exists as a token on the blockchain. Technically, it can be seen on-chain, but that doesn’t mean any user is entitled to buy or trade it.
The reason is that bStock isn’t just a regular crypto token. Binance describes it as a tokenized financial instrument / certificate, so access depends not only on the technology, but also on regulatory rules and the user’s eligibility.
So now I wouldn’t draw the conclusion:
“Binance operates in my country → bStocks are definitely available.”
I would check the bStocks eligibility specifically for my jurisdiction.
I liked this nuance: the blockchain shows that the token exists, but it doesn’t automatically determine who is allowed to use the financial product itself.#bstockscis @BinanceCIS
