Binance allows the use of tokenized stock actions as collateral
On September 21, Binance opened up bStocks collateral to all margin accounts, removing the restriction that reserved it for VIP 3 and higher clients. The range surpassed $30 billion in accumulated trading volume in less than 90 days. The announcement adds, however, a questionnaire and automatic limits for ordinary accounts.
Binance extends bStocks collateral to cross-margin and portfolio-margin accounts.
Ordinary accounts and VIP 1 and 2 must complete a suitability questionnaire and face automatic restrictions beyond certain thresholds.
The monthly trading volume of tokenized stocks rose from $237 million in January to $7.9 billion in August.
Collateral available to all margin accounts
On September 21, Binance published an extension of its margin rules. bStocks, its range of tokenized securities supported by U.S. stocks and ETFs, are now used as collateral in all cross-margin and portfolio-margin accounts.
The feature was reserved for VIP 3 and higher accounts. The extension impacts an still-young tokenized stocks market, where two platforms generate most of the volume.
Leverage can reach up to 5ร to buy bStocks using borrowed assets, under valuation discounts and collateral ratios. A deposited security can also cover a short position in futures.
For Shunyet Jan, head of the exchange and trading at Binance, users no longer have to treat tokenized stocks and crypto positions as two separate portfolios.
Certificates, not shares, and a filter for smaller accounts
Access is not unconditional. Ordinary accounts and VIP 1 and 2 must complete a suitability questionnaire before using bStocks as collateral, the official Binance announcement states.
$BNB
$VIPS.US
$SHIB
#Binance
On September 21, Binance opened up bStocks collateral to all margin accounts, removing the restriction that reserved it for VIP 3 and higher clients. The range surpassed $30 billion in accumulated trading volume in less than 90 days. The announcement adds, however, a questionnaire and automatic limits for ordinary accounts.
Binance extends bStocks collateral to cross-margin and portfolio-margin accounts.
Ordinary accounts and VIP 1 and 2 must complete a suitability questionnaire and face automatic restrictions beyond certain thresholds.
The monthly trading volume of tokenized stocks rose from $237 million in January to $7.9 billion in August.
Collateral available to all margin accounts
On September 21, Binance published an extension of its margin rules. bStocks, its range of tokenized securities supported by U.S. stocks and ETFs, are now used as collateral in all cross-margin and portfolio-margin accounts.
The feature was reserved for VIP 3 and higher accounts. The extension impacts an still-young tokenized stocks market, where two platforms generate most of the volume.
Leverage can reach up to 5ร to buy bStocks using borrowed assets, under valuation discounts and collateral ratios. A deposited security can also cover a short position in futures.
For Shunyet Jan, head of the exchange and trading at Binance, users no longer have to treat tokenized stocks and crypto positions as two separate portfolios.
Certificates, not shares, and a filter for smaller accounts
Access is not unconditional. Ordinary accounts and VIP 1 and 2 must complete a suitability questionnaire before using bStocks as collateral, the official Binance announcement states.
$BNB
$VIPS.US
$SHIB
#Binance
