In six weeks, bStocks’ share of the corresponding U.S. stock trading volume jumped from 0.01% to 0.3%, expanding by roughly 30x. According to data from the Binance Research Institute, 76% of Gen Z accounts are net buyers, and 63% have never sold. Someone who has held U.S. stocks for six years was stunned after watching the on-chain activity: stocks can be traded on weekends, and they can also be staked into DeFi to earn yield—some experienced users even say lending rates could be negative.

The core logic is: bStocks is taking traditional U.S. stocks out of brokerage firms and reassembling them into crypto’s LEGO set. With $0 order fees and 24-hour trading, it becomes a new container for grid trading and DeFi lending. The AI trading contest also gives Agentic Wallet a narrative. But don’t overlook the other side: there are currently not many underlying assets, there are no options, and market depth still lags behind traditional brokers. DeFi yields can reach 50% or more, but the pools are small, interest rates can change, and users still face smart-contract and liquidity risks.

The real question is: does Gen Z treat bStocks like spot holdings because traditional brokers are too hard to use—or is it simply FOMO from a bull market?