bStocks crossed $1 billion in AUM in four months. But another number tells a different part of the story.
According to Binance's October 15 report, users had converted more than $6 billion between bStocks and corresponding stocks on Binance.
Why does that matter?
AUM tells us how much value is held at a particular point in time. Conversion activity provides another view of how users move between the two formats.
These figures measure different things, so they shouldn't be treated as interchangeable. But together, they help explain why conversion functionality is an important part of the product's design.
The real question isn't just how much value a tokenized product holds. It's how people actually use it.
Full report: https://www.binance.com/en/blog/markets/4864326073677731553
bStocks do not represent direct ownership of the underlying company. Availability is subject to regional restrictions.
#bStocks
According to Binance's October 15 report, users had converted more than $6 billion between bStocks and corresponding stocks on Binance.
Why does that matter?
AUM tells us how much value is held at a particular point in time. Conversion activity provides another view of how users move between the two formats.
These figures measure different things, so they shouldn't be treated as interchangeable. But together, they help explain why conversion functionality is an important part of the product's design.
The real question isn't just how much value a tokenized product holds. It's how people actually use it.
Full report: https://www.binance.com/en/blog/markets/4864326073677731553
bStocks do not represent direct ownership of the underlying company. Availability is subject to regional restrictions.
#bStocks