#bstockscis @BinanceCIS
Recently, the entire Wall Street community was celebrating the shift to the T+1 settlement system. Traditional finance people were thrilled that now a deal closes in just 24 hours instead of two days. For us crypto folks, it’s just laughable.
In bStocks documentation it’s clearly stated: “usually settle in under a second, with no T+1 settlement windows”. Since these are BEP-20 tokens on smart chains, settlement happens in fractions of a second.
For short-term traders, this is a critical advantage. Imagine: a bad quarterly report comes out for some tech company. With a traditional broker, if I sell a stock, my money is frozen until the next day. On Binance, I sell $bAAPL in the same second, instantly receiving USDT to my balance, and—just a second later—I already have the funds on my balance for the next moves. No capital blocking by clearing houses. bStocks from Binance is the same financial freedom that brought us all to blockchain in the first place, allowing us to feel less like a younger sibling of a fund—and more like a tech front-runner.
It’s interesting what the classic stock markets will do when bStocks takes a huge chunk of their market (and it’s already happening). What are your thoughts?
Recently, the entire Wall Street community was celebrating the shift to the T+1 settlement system. Traditional finance people were thrilled that now a deal closes in just 24 hours instead of two days. For us crypto folks, it’s just laughable.
In bStocks documentation it’s clearly stated: “usually settle in under a second, with no T+1 settlement windows”. Since these are BEP-20 tokens on smart chains, settlement happens in fractions of a second.
For short-term traders, this is a critical advantage. Imagine: a bad quarterly report comes out for some tech company. With a traditional broker, if I sell a stock, my money is frozen until the next day. On Binance, I sell $bAAPL in the same second, instantly receiving USDT to my balance, and—just a second later—I already have the funds on my balance for the next moves. No capital blocking by clearing houses. bStocks from Binance is the same financial freedom that brought us all to blockchain in the first place, allowing us to feel less like a younger sibling of a fund—and more like a tech front-runner.
It’s interesting what the classic stock markets will do when bStocks takes a huge chunk of their market (and it’s already happening). What are your thoughts?