During earnings season, make sure you know what you’re buying when it comes to stock tokens: Binance’s announcement clearly states that bStocks are not stocks and do not give holders direct ownership of shares in the corresponding companies. A company’s name in the token doesn’t mean you’re on its shareholder register.
On October 14, Binance launched trading pairs for stock tokens including BlackBerry $BBB and MongoDB $MDBB . The announcement’s reference to a one-to-one conversion between stocks and tokens describes the conversion arrangement; it does not mean the two have the same legal status.
In my view, the convenience of these products lies in offering another way to trade. To decide whether one is right for you, you still need to check what rights the token carries, whether it can be redeemed, and whether you meet the regional eligibility requirements. You can research the same company during earnings season, but before buying, make sure you understand how the products differ.
#StockEarningsSeason
On October 14, Binance launched trading pairs for stock tokens including BlackBerry $BBB and MongoDB $MDBB . The announcement’s reference to a one-to-one conversion between stocks and tokens describes the conversion arrangement; it does not mean the two have the same legal status.
In my view, the convenience of these products lies in offering another way to trade. To decide whether one is right for you, you still need to check what rights the token carries, whether it can be redeemed, and whether you meet the regional eligibility requirements. You can research the same company during earnings season, but before buying, make sure you understand how the products differ.
#StockEarningsSeason