If I already own the stock, why would I convert it into a bStock instead of selling it and buying the bStock?
At first, that seemed like basically the same thing to me.
But it isn't.
If I sell the stock and then buy the bStock, I'm using the market twice.
Conversion is different.
Eligible users can convert an existing stock position into the corresponding bStock 1:1, and the process works in both directions.
A market trade happens through the market.
Conversion is a separate 1:1 route between the direct stock and the corresponding bStock.
So I'm not using the market to exit one position and enter another.
I'm changing the form of an existing position.
That made me look at conversion differently.
It's not simply another way to trade.
So the question I find more useful isn't:
“Can I buy the bStock?”
It's:
“If I already own the stock, why would I want to convert it?”
For me, that's where conversion becomes interesting.
Trading uses the market to change the position.
Conversion changes the form of the position directly.
#bstockscis @BinanceCIS
At first, that seemed like basically the same thing to me.
But it isn't.
If I sell the stock and then buy the bStock, I'm using the market twice.
Conversion is different.
Eligible users can convert an existing stock position into the corresponding bStock 1:1, and the process works in both directions.
A market trade happens through the market.
Conversion is a separate 1:1 route between the direct stock and the corresponding bStock.
So I'm not using the market to exit one position and enter another.
I'm changing the form of an existing position.
That made me look at conversion differently.
It's not simply another way to trade.
So the question I find more useful isn't:
“Can I buy the bStock?”
It's:
“If I already own the stock, why would I want to convert it?”
For me, that's where conversion becomes interesting.
Trading uses the market to change the position.
Conversion changes the form of the position directly.
#bstockscis @BinanceCIS