binance opens 4 tokenized stocks for spot trading today at 12:00 UTC, that's 6 PM Dhaka.
JPMorgan, Eli Lilly, Securitize and StablecoinX. tickers JPMB, LLYB, SECZB and USDEB, all against USDT.
zero maker fees on those pairs until Oct 31. they also count as margin collateral from day one, but you can't borrow them.
the line i'd read twice is in binance's own fine print: bStocks "are not stocks or shares" and don't give you direct ownership of a share in the company.
so you get the price exposure in your binance account. you don't become a shareholder.
and it's closed to anyone in the US.
my take: handy if you want stock exposure next to your crypto without opening a broker account. just be clear on what you're holding.
would you buy JPMorgan on binance, or keep stocks with a broker?
$BNB $USDT
#bStocks #Binance
NFA. DYOR.
JPMorgan, Eli Lilly, Securitize and StablecoinX. tickers JPMB, LLYB, SECZB and USDEB, all against USDT.
zero maker fees on those pairs until Oct 31. they also count as margin collateral from day one, but you can't borrow them.
the line i'd read twice is in binance's own fine print: bStocks "are not stocks or shares" and don't give you direct ownership of a share in the company.
so you get the price exposure in your binance account. you don't become a shareholder.
and it's closed to anyone in the US.
my take: handy if you want stock exposure next to your crypto without opening a broker account. just be clear on what you're holding.
would you buy JPMorgan on binance, or keep stocks with a broker?
$BNB $USDT
#bStocks #Binance
NFA. DYOR.
