Buffett’s company entered Binance’s spot market last night—but what was available to buy wasn’t the stock listed on the NYSE.
At 20:00 Beijing time on 10/21, Binance announced the listing of five bStocks: $BRKBB (Berkshire Hathaway), BOTB, a tokenized STAR Market 50 ETF (KSTRB), a tokenized 3x leveraged U.S. Treasury ETF (TMFB), and VSTB. At the same time, they could also be used as collateral for cross margin or portfolio margin; borrowing is not yet supported. Maker fees for these five tokens will be waived during the promotion, through 10/31 23:59 (UTC).
First, distinguish among three things: actual NYSE shares, bStocks tokenized shares (a 1:1 mapping), and TradFi perpetuals (such as BRKBUSDT)—they’re not the same. Price check: $BRKBB is around 543 (+0.7% over 24 hours). Of the five, the STAR Market 50 token is the most actively traded, at around 18.99, down about 4% over 24 hours.
Regional and compliance restrictions remain in place. What could change the assessment is whether trading volume holds up and whether the collateral rules tighten.
#币安官方 #bStocks $BRKBB
At 20:00 Beijing time on 10/21, Binance announced the listing of five bStocks: $BRKBB (Berkshire Hathaway), BOTB, a tokenized STAR Market 50 ETF (KSTRB), a tokenized 3x leveraged U.S. Treasury ETF (TMFB), and VSTB. At the same time, they could also be used as collateral for cross margin or portfolio margin; borrowing is not yet supported. Maker fees for these five tokens will be waived during the promotion, through 10/31 23:59 (UTC).
First, distinguish among three things: actual NYSE shares, bStocks tokenized shares (a 1:1 mapping), and TradFi perpetuals (such as BRKBUSDT)—they’re not the same. Price check: $BRKBB is around 543 (+0.7% over 24 hours). Of the five, the STAR Market 50 token is the most actively traded, at around 18.99, down about 4% over 24 hours.
Regional and compliance restrictions remain in place. What could change the assessment is whether trading volume holds up and whether the collateral rules tighten.
#币安官方 #bStocks $BRKBB