【Binance brings U.S. stocks on-chain! Buy Nvidia and Tesla 24/7? 🏦🔥】
Group chat: 🌟 加入X先生的粉丝群聊
Binance is making a serious move this time. U.S. stocks are being turned directly into on-chain tokens called bStocks. Nvidia and Tesla are among the first. Now the wallet you use to buy crypto can hold stocks, too. You’ll be able to trade around the clock. 🏦
There are five stocks in the first batch: Nvidia, Tesla, Circle, Micron, and SanDisk. Another batch of trading pairs will be added at 8 p.m. on October 7. Established companies like JPMorgan Chase and Eli Lilly are on the list. Each token is backed 1:1 by real shares. The platform has already opened up more than 7,000 U.S. stocks. 🔗
The biggest deal here is the trading hours. The U.S. stock market is open for only six and a half hours a day. But bStocks are available all year round. You can place an order at 3 a.m. Trading continues on Saturdays and Sundays, too—long after traditional brokerages have closed. ⏰
The process is pretty simple. If you hold Binance’s tokenized U.S. stocks, you can exchange them for tokens on a 1:1 basis. Changed your mind? Exchange them back into stocks at any time. There’s no lockup period or minimum holding requirement, and there are no conversion fees. An oracle tracks the real stock price. 🔑
The key step is being able to withdraw the tokens to your own wallet. According to Binance, three types of wallets are supported. You can hold them directly in Trust Wallet or Binance Wallet, and hardware wallets are supported, too. You can even connect them directly to DeFi. 💼
One caveat to be clear about: the tokens don’t mean you directly own shares. They represent a claim linked to a stock. Dividends and voting rights are handled separately. There are already plenty of players in this space, and even traditional exchanges have proposed similar plans. 🌍
📌 24/7 on-chain trading of U.S. stocks sounds great, but the details on rights and dividends still need a closer look.
Would you be comfortable holding on-chain U.S. stocks that can be traded 24/7 for the long term? Let’s discuss in the comments.
#币安推出BinanceIntelligence
Group chat: 🌟 加入X先生的粉丝群聊
Binance is making a serious move this time. U.S. stocks are being turned directly into on-chain tokens called bStocks. Nvidia and Tesla are among the first. Now the wallet you use to buy crypto can hold stocks, too. You’ll be able to trade around the clock. 🏦
There are five stocks in the first batch: Nvidia, Tesla, Circle, Micron, and SanDisk. Another batch of trading pairs will be added at 8 p.m. on October 7. Established companies like JPMorgan Chase and Eli Lilly are on the list. Each token is backed 1:1 by real shares. The platform has already opened up more than 7,000 U.S. stocks. 🔗
The biggest deal here is the trading hours. The U.S. stock market is open for only six and a half hours a day. But bStocks are available all year round. You can place an order at 3 a.m. Trading continues on Saturdays and Sundays, too—long after traditional brokerages have closed. ⏰
The process is pretty simple. If you hold Binance’s tokenized U.S. stocks, you can exchange them for tokens on a 1:1 basis. Changed your mind? Exchange them back into stocks at any time. There’s no lockup period or minimum holding requirement, and there are no conversion fees. An oracle tracks the real stock price. 🔑
The key step is being able to withdraw the tokens to your own wallet. According to Binance, three types of wallets are supported. You can hold them directly in Trust Wallet or Binance Wallet, and hardware wallets are supported, too. You can even connect them directly to DeFi. 💼
One caveat to be clear about: the tokens don’t mean you directly own shares. They represent a claim linked to a stock. Dividends and voting rights are handled separately. There are already plenty of players in this space, and even traditional exchanges have proposed similar plans. 🌍
📌 24/7 on-chain trading of U.S. stocks sounds great, but the details on rights and dividends still need a closer look.
Would you be comfortable holding on-chain U.S. stocks that can be traded 24/7 for the long term? Let’s discuss in the comments.
#币安推出BinanceIntelligence
