I’m used to looking for trading opportunities in crypto, but sometimes interesting moves happen precisely in the US stock market.
So I tested $SPCXB . This is a tokenized security that tracks a Coinbase share and is backed by it on a 1:1 basis.
What I liked in practice is that there’s no need to switch to a separate brokerage app. SPCXB is available on Binance and trades 24/7. This is especially convenient when the price starts moving after the regular US trading session has already ended.
There’s also a plus for beginners: you can buy from $5, so you don’t have to jump in with a large amount right away.
But I wouldn’t forget about the risk: the price of SPCXB depends on the movement of the underlying stock, and bStocks don’t provide direct ownership rights to the actual share.
For me, SPCXB is an interesting way to try trading a traditional asset in a format that I’m already familiar with from crypto.
@Binance_Ukraine #bStocks
So I tested $SPCXB . This is a tokenized security that tracks a Coinbase share and is backed by it on a 1:1 basis.
What I liked in practice is that there’s no need to switch to a separate brokerage app. SPCXB is available on Binance and trades 24/7. This is especially convenient when the price starts moving after the regular US trading session has already ended.
There’s also a plus for beginners: you can buy from $5, so you don’t have to jump in with a large amount right away.
But I wouldn’t forget about the risk: the price of SPCXB depends on the movement of the underlying stock, and bStocks don’t provide direct ownership rights to the actual share.
For me, SPCXB is an interesting way to try trading a traditional asset in a format that I’m already familiar with from crypto.
@Binance_Ukraine #bStocks