The crypto market has fallen this hard, yet one sector is quietly hitting new highs: tokenized U.S. stocks.
According to Binance Research data from November 10, the total market cap of tokenized U.S. stocks surged to a record $4.8 billion, up 164% since June. At the start of the year, it was just $645 million.
Binance’s own bStocks alone accounts for $1.5 billion, with an estimated 31% market share. In just 145 days since launch, it has become the largest issuer in the market.
A few figures are even more interesting:
1) bStocks hit $1 billion 125 days after launch, then reached $1.5 billion just 20 days later—the fastest tokenized stock product ever to break the $1 billion mark;
2) Cumulative trading volume exceeded $45 billion, while conversions between directly held shares and bStocks on a 1:1 basis topped $7.5 billion;
3) About 56% of bStocks trading volume takes place after the U.S. stock market closes. Gen Z accounts for 46% of users, and emerging markets contribute around 70% of trading volume.
This whale’s take: The products really breaking through in this downturn are those bringing traditional assets on-chain. Tokenized U.S. stocks aren’t just riding a trend—Binance is turning its exchange from a crypto business into an all-assets business. Between directly held U.S. stocks and bStocks, users now hold over $3 billion in traditional assets. When the market recovers, the numbers in this sector will only get more staggering. Keeping an eye on the next stock to be listed on bStocks is far more useful than making blind guesses about the broader market. $BNB
According to Binance Research data from November 10, the total market cap of tokenized U.S. stocks surged to a record $4.8 billion, up 164% since June. At the start of the year, it was just $645 million.
Binance’s own bStocks alone accounts for $1.5 billion, with an estimated 31% market share. In just 145 days since launch, it has become the largest issuer in the market.
A few figures are even more interesting:
1) bStocks hit $1 billion 125 days after launch, then reached $1.5 billion just 20 days later—the fastest tokenized stock product ever to break the $1 billion mark;
2) Cumulative trading volume exceeded $45 billion, while conversions between directly held shares and bStocks on a 1:1 basis topped $7.5 billion;
3) About 56% of bStocks trading volume takes place after the U.S. stock market closes. Gen Z accounts for 46% of users, and emerging markets contribute around 70% of trading volume.
This whale’s take: The products really breaking through in this downturn are those bringing traditional assets on-chain. Tokenized U.S. stocks aren’t just riding a trend—Binance is turning its exchange from a crypto business into an all-assets business. Between directly held U.S. stocks and bStocks, users now hold over $3 billion in traditional assets. When the market recovers, the numbers in this sector will only get more staggering. Keeping an eye on the next stock to be listed on bStocks is far more useful than making blind guesses about the broader market. $BNB
