Binance has launched U.S. equities trading for eligible users. Binance U.S. stocks give users access to more than 7,000 U.S.-listed stocks and exchange-traded funds as the crypto exchange moves deeper into traditional finance.
The new service is being offered through Nest Trading Limited. It is Binance’s broker-dealer regulated in the Abu Dhabi Global Market. It allows users to trade U.S. equities within Binance’s platform, adding stocks to an ecosystem better known for crypto trading, stablecoins and derivatives.
Binance U.S. Stocks, A Move into Traditional Assets
Eligible users can trade Binance U.S. stocks with zero commission and buy fractional shares from as little as $5. Binance said users will directly own the equities, while a U.S.-regulated clearing broker will hold the shares. Users may also qualify for dividends and other corporate actions linked to their holdings.
Binance will make some U.S. stocks available for 24/5 trading. Users will mainly make purchases using USDC, while Binance also plans to support BNB, USDT, USD1 and $U. Users will receive sale proceeds in USDC.
The company will also offer Fully Paid Securities Lending They allow eligible users to earn income by lending out their stock holdings.
Yi He, Binance co-founder and co-CEO, said the launch is part of the company’s plan to make it easier for users to move between traditional investing and on-chain finance.
Tokenized Stocks are Next
Binance said it will soon introduce bStocks, tokenized securities representing selected U.S. stocks and ETFs, subject to regulatory approvals. BTECH Holdings Ltd, a special purpose vehicle registered in ADGM, will issue the tokenized assets.
Once launched, bStocks will trade on Binance Exchange, creating a bridge between stock ownership and blockchain-based assets.
“Tokenization could give users more flexibility and control over financial assets.”, said Richard Teng, Binance co-CEO.
