Crypto + traditional markets: Binance expands access to global stocks!
Binance co-CEO Richard Teng announced plans to integrate traditional stock markets in new regions, including Hong Kong, South Korea, Taiwan, and Brazil. This responds to real user demand for holding crypto assets and stocks in one interface, without switching between dozens of brokerage apps.
Meanwhile, the success of bStocks, launched earlier, is impressive:
• $1+ billion in AUM just 4 months after launch
• $40+ billion in total trading volume
• 62% of volume takes place during OTC hours (when traditional U.S. markets are closed)
The boundaries between financial markets are blurring. Stocks are now becoming a fully-fledged part of the crypto ecosystem (with the ability to use them as collateral and integrate them into DeFi).
#Binance #Crypto #Stocks #bStocks #RichardTeng
Binance co-CEO Richard Teng announced plans to integrate traditional stock markets in new regions, including Hong Kong, South Korea, Taiwan, and Brazil. This responds to real user demand for holding crypto assets and stocks in one interface, without switching between dozens of brokerage apps.
Meanwhile, the success of bStocks, launched earlier, is impressive:
• $1+ billion in AUM just 4 months after launch
• $40+ billion in total trading volume
• 62% of volume takes place during OTC hours (when traditional U.S. markets are closed)
The boundaries between financial markets are blurring. Stocks are now becoming a fully-fledged part of the crypto ecosystem (with the ability to use them as collateral and integrate them into DeFi).
#Binance #Crypto #Stocks #bStocks #RichardTeng