What brought stock settlement to BNB isn’t immediate buy pressure, but the introduction of a new role.
Starting September 29, Binance moved users’ funds account assets into the spot account, then renamed it to the stocks account, used exclusively for stock and options settlement. Of the other five items in the whitelist, they are all denominated in USD or stablecoins; only BNB is a non-stablecoin crypto asset.
Don’t just praise being added to the list as "capital flooding in": this only shows that BNB has become an available settlement asset, not that users are already extensively using it. But when Binance expands its stock business and includes it as a settlement option, it means the use case is beginning to move beyond pure crypto trading.
The bullish support point is here. Next, you should watch the actual settlement volume, rather than treating the whitelist directly as new buy orders.
#BNB
Starting September 29, Binance moved users’ funds account assets into the spot account, then renamed it to the stocks account, used exclusively for stock and options settlement. Of the other five items in the whitelist, they are all denominated in USD or stablecoins; only BNB is a non-stablecoin crypto asset.
Don’t just praise being added to the list as "capital flooding in": this only shows that BNB has become an available settlement asset, not that users are already extensively using it. But when Binance expands its stock business and includes it as a settlement option, it means the use case is beginning to move beyond pure crypto trading.
The bullish support point is here. Next, you should watch the actual settlement volume, rather than treating the whitelist directly as new buy orders.
#BNB