#bstockscis @BinanceCIS #bstockscis I thought the growth of bStocks was a story about people switching from xStocks or other platforms, seeing better terms. I dug deeper and it turned out that’s not the case.
Analysts say directly that growth is driven mainly by new market participants, not by clients moving from competitors. In other words, people who previously had never traded tokenized stocks are trying them here for the first time—not fleeing from other exchanges.
It sounds like a small detail, but in reality it’s a completely different growth story. There’s one thing to lure other companies’ clients with lower fees, and another to bring in an entirely new audience that previously simply had no reason to see value in this product at all.
If this is true, then bStocks aren’t winning so much in competing within the existing pie as they are making the pie bigger.
@BinanceCIS #bStocks
Analysts say directly that growth is driven mainly by new market participants, not by clients moving from competitors. In other words, people who previously had never traded tokenized stocks are trying them here for the first time—not fleeing from other exchanges.
It sounds like a small detail, but in reality it’s a completely different growth story. There’s one thing to lure other companies’ clients with lower fees, and another to bring in an entirely new audience that previously simply had no reason to see value in this product at all.
If this is true, then bStocks aren’t winning so much in competing within the existing pie as they are making the pie bigger.
@BinanceCIS #bStocks