#bstockscis @BinanceCIS Yesterday I checked the latest reports: bStocks from Binance overtook xStocks from Kraken in just two months and became the world’s second issuer of tokenized stocks, with a volume of $624 million. The numbers are crazy, but something else caught my attention. It turns out that almost half of the users (41.5%) got their first exposure to traditional stocks precisely through these tokens. We’re building a “bridge” here, but in fact, we’re turning the fund into yet another volatile altcoin for Gen Z.
An interesting point: bStocks can now be used as collateral (collateral) directly on Binance. On the one hand, there’s liquidity; on the other hand, there’s the risk of cascading liquidations if the US stock market (TradFi) decides to shake things up at night while you’re asleep. On paper, it’s “24/7 freedom,” but in practice, it’s a new pain point for those who aren’t good at risk management. While everyone is chasing the hype, I’m seeing how this structure will stand up to a real stress test.
$TUT $SPCXB $BROCCOLI714