Binance to Add Spot Trading Pairs for JPMB and Other bStocks
The exchange will open trading for four tokenized-stock pairs on Oct. 7, with withdrawals and automated trading services following shortly after.
Binance will add spot trading for four bStocks pairs on Oct. 7, expanding access to tokenized stock products through its cryptocurrency exchange.
Trading for JPMB/USDT, LLYB/USDT, SECZB/USDT and USDEB/USDT is scheduled to begin at 8 a.m. ET (12:00 UTC). Withdrawals for JPMB, LLYB, SECZB and USDEB will open at 9 a.m. ET (13:00 UTC).
Binance will also enable spot algorithmic trading bots for the pairs. Rebalancing bots are scheduled to become available within 24 hours after trading begins.
Users will be able to exchange the bStocks for Bitcoin (BTC), Tether (USDT) and other tokens through Binance Convert without fees. The four spot pairs will also have zero maker fees through Oct. 31 at 7:59 p.m. ET (23:59 UTC).
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.