Add as a preferred source on GoogleBinance Adds Four bStocks Trading Pairs, Excluding U.S. Users
The new pairs track three companies and a volatility-focused ETF. Binance’s bStocks products are unavailable in the United States and to U.S. persons.
Binance added four bStocks trading pairs on Oct. 14, expanding its tokenized securities lineup with products tied to three companies and a volatility-focused exchange-traded fund, while excluding U.S. users.
Trading began at 8 a.m. ET (12 p.m. UTC) for BBB/USDT, MDBB/USDT, PENGB/USDT and UVXYB/USDT. The underlying exposures are BlackBerry, MongoDB, Penguin Solutions and the ProShares Ultra VIX Short-Term Futures ETF.
Spot algorithmic trading bots were available when the pairs launched, with rebalancing bots scheduled to follow within 24 hours. Users could convert the bStocks into Bitcoin (BTC), Tether (USDT) or other supported tokens without conversion fees during the first hour after listing.
The four tokens also became eligible as collateral in Cross Margin, Portfolio Margin and Portfolio Margin Pro at 8 a.m. ET (12 p.m. UTC). Borrowing against them is not supported.
bStocks are certificates intended to provide economic exposure to specified securities. They do not give holders direct ownership or shareholder rights, and are unavailable in the United States and to U.S. persons.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.