A familiar asset can arrive in an account without becoming a Spot asset.
For a supported COINon deposit, Binance says the deposited token can be held or converted into the corresponding bStock. It is not available for Spot trading.
So these are two different states:
A COINon deposit: hold or convert.
$COINB : the corresponding bStock after supported conversion.
The useful check is not only “Did it arrive?” but “What can this exact product do now?” A deposit does not turn the original third-party token into a Spot tradable asset.
Which would you check first: that the asset arrived, or that the bStock route you need is available?
@BinanceCIS
#bStocksCIS
For a supported COINon deposit, Binance says the deposited token can be held or converted into the corresponding bStock. It is not available for Spot trading.
So these are two different states:
A COINon deposit: hold or convert.
$COINB : the corresponding bStock after supported conversion.
The useful check is not only “Did it arrive?” but “What can this exact product do now?” A deposit does not turn the original third-party token into a Spot tradable asset.
Which would you check first: that the asset arrived, or that the bStock route you need is available?
@BinanceCIS
#bStocksCIS