Binance just launched Pinduoduo stocks today. Does anyone know what the difference is between this newly listed one and the previously existing PDD?
Actually, the one launched today is called “bstock,” while the previous one is called “ADR.” In simple terms, bstock is issued by Binance, guaranteed by Binance, and can be traded on Binance 24/7. ADR is issued by a bank, guaranteed by the bank, and traded on the NYSE. It just connects to Binance, but you still have to follow U.S. stock trading hours.
Also, Binance’s stock spot products can only list U.S. stocks. For Hong Kong stocks like Tencent $TENCENT and Xiaomi $HK1810 , they can only be traded as contracts. And don’t even talk about mainland China A-shares. I feel like the contracts for Hong Kong and A-share companies are kind of on the edge.
Actually, the one launched today is called “bstock,” while the previous one is called “ADR.” In simple terms, bstock is issued by Binance, guaranteed by Binance, and can be traded on Binance 24/7. ADR is issued by a bank, guaranteed by the bank, and traded on the NYSE. It just connects to Binance, but you still have to follow U.S. stock trading hours.
Also, Binance’s stock spot products can only list U.S. stocks. For Hong Kong stocks like Tencent $TENCENT and Xiaomi $HK1810 , they can only be traded as contracts. And don’t even talk about mainland China A-shares. I feel like the contracts for Hong Kong and A-share companies are kind of on the edge.
