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Binance bStocks tops $1B trading volume
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Binance bStocks tops $1B trading volume

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  • Binance's equities platform recorded more than US$1 billion in trading volume during its first nine trading days.
  • Average daily volume reached about US$143 million, exceeding reported activity across much of the tokenised equities market.
  • The launch expands Binance's strategy of offering both traditional stock exposure and tokenised equity products through crypto infrastructure.

Binance launched its equities trading platform for eligible non-US users on June 1 and recorded more than US$1 billion in trading volume during its first nine trading days.

The platform averaged approximately US$143 million in daily trading volume, according to CoinDesk Research, compared with reported peak weekday volume of about US$35 million to US$40 million across tokenised equity spot markets.

Binance said its equities offering provides access to more than 7,000 US stocks and exchange-traded funds with fractional trading, zero commissions and funding through supported cryptocurrencies.

CoinDesk Research reported that daily active traders peaked at 30,700 while total value locked on the platform reached approximately US$400 million.

Binance also expanded its tokenised equities offering through bStocks, which includes tokenised versions of Nvidia, Tesla, Circle, Micron and Sandisk; following the launch there was no immediate market reaction.

CoinGecko data showed the tokenised stock sector had a market capitalisation of about US$1.16 billion and 24-hour trading volume of approximately US$1.47 billion, with more than 200 issued stock tokens across the market.

Binance Research previously said crypto exchanges could help bring as many as 300 million new equity investors into financial markets by 2031, citing lower costs, stablecoin settlement and broader accessibility as potential drivers of growth.

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